At the end of the 1970s, when China was just starting to reform and open up to the world, China's foreign exchange reserves were barely more than $100 million. At an internal meeting in Beijing, late leader Deng Xiaoping tried to inspire the audience: Imagine! One day China may have a foreign reserve of $10 billion! How much can we do with that much of foreign reserve! Few thought that was possible.
By continuing to test nuclear weapons and intercontinental ballistic missiles in 2017, the Democratic People's Republic of Korea raised tensions in the Asia-Pacific region. But equally disturbing have been the contradictory messages from the Donald Trump administration, such as a "preventive war", "bloody nose" and, especially, last week's unspecified "phase two" concept.
The approval of a structural reform plan of the Party and State institutions by the third plenary session of the 19th Communist Party of China Central Committee, which concluded on Wednesday, is a significant move by the ruling party to give full play to the advantages of China's socialist system to meet the needs of a new era.
Film footage discovered by a team of scholars from the Republic of Korea at the US National Archives and Records Administration was released by Yonhap News Agency on Tuesday.
THE STATE ADMINISTRATION for Industry and Commerce has vowed to crack down on illegal advertisements on the internet and in apps. Thepaper.cn commented on Wednesday:
MANY FACTORIES IN SHENZHEN, South China's Guangdong province, have complained that there is a shortage of workers after the Spring Festival holiday. Beijing Youth Daily comments:
A VIDEO clip posted online shows the father-in-law of a bride rudely kissing her at a wedding ceremony in Yancheng, East China's Jiangsu province. China Daily writer Zhang Zhouxiang comments:
The second plenary session of the 19th Communist Party of China Central Committee has proposed to incorporate Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era into the Constitution, which reflects democracy and consensus building.
China's Constitution is the general statute for governance. The Communist Party of China Central Committee has suggested a section on supervisory commission be added to the Constitution to establish the commission's legal status.
It would be sad if Chinese automaker Zhejiang Geely Holding's surprise emergence on Friday as the biggest investor in Mercedes-Benz owner Daimler, with a 9.69-percent stake, becomes fuel for China phobia.
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