Time to strengthen financial economy

Modern combat system basis of strong military

Addressing the 13th National People's Congress, China's top legislature, on the last day of its first session on March 20. President Xi Jinping, also chairman of the Central Military Commission, said a modern combat system with Chinese characteristics should be established to safeguard national security.

Chilly relations prevents inking of Japan-Russia peace treaty

A cold spell with snow put spring on hold in Tokyo on Wednesday, the day Russian Foreign Minister Sergey Lavrov landed in Japan on a visit. His Japanese counterpart Taro Kono ascribed the snow to the Russian visitor. "Since we did not interfere in your elections, we decided to intervene in the weather," Lavrov replied in a lighter vein.

Trade war fears savage stocks

The stock market plunged on Friday in line with a global pattern, on fears of a trade war between China and the United States, the world's two largest economies.

Business leaders express concerns over friction

Business leaders in the San Francisco Bay Area gathered on Wednesday to send a clear message to the Trump administration: Adding trade friction to the bilateral relationship between the US and China won't help either one grow; the two sides should engage in conversation instead of confrontation.

Retail shoppers worry about specter of tariffs

As US President Donald Trump signed a memo on Thursday that could lead to tariffs on up to $60 billion worth of goods imported from China, many in the US are gauging what the impact will be.

CBRC chair to lead new financial body

Guo Shuqing, chairman of the China Banking Regulatory Commission, has been named Party secretary of the to-be-formed China banking and insurance regulatory commission, the country's top banking regulator said in a post on its website on Thursday night.

Elevator firm opens plant in Zhongshan

Germany's thyssenkrupp Elevator, a diversified industrial group with a history of more than 200 years, on Friday opened its new plant and a test tower in Zhongshan, Guangdong province, a traditional manufacturing city in the Pearl River Delta region.

Tencent drops 4% on Naspers' stake-cut plan

Shares of Tencent Holdings Ltd experienced a record intraday fall on Friday, as its largest backer announced a holdings cut plan for the first time in nearly two decades.

PetroChina net profit surges on oil rally

China National Petroleum Corp, or PetroChina, the country's largest oil producer, said its production and operations remained stable in 2017 with profits almost triple the previous year as earnings from exploration and production overcame asset write-downs.

Jahwa's goal to become global cosmetics leader

Having celebrated the 120th anniversary of its founding, Shanghai Jahwa United Co Ltd - China's most historical consumer goods company - is looking to not only secure its leading position in its home market, but also rise to become a globally competitive player with the likes of L'Oreal and Proctor& Gamble.

Smart meteorology can help better manage weather-related risks

Friday is the 58th World Meteorological Day. It has the theme "Weather-Ready, Climate-Smart", which reflects meteorology's key role in mitigating the negative effects of extreme weather and climate events, and protecting lives and property.