US tilting at windmills to reduce deficit

The US' tariff war is getting nastier by the day. While China has been forced to take countermeasures against the US tariffs, the question is: How long can this internecine tariff war continue, especially when other countries are willing to offer their products at the same or relatively low prices?

Inflation not a concern in the short term

A series of recent developments, including soaring international crude oil prices in the first half of this year, the spread of swine fever in northern China, floods in Shouguang, Shandong province, and the rapid rise of house rents in the first-tier cities, have sparked market concern over stagflation.

Stable ties will help China and Japan to address regional issues

Japanese political heavyweights have been visiting Beijing of late to lay the groundwork for Shinzo Abe's first official trip to China during his second term as Japan's prime minister.

Connected car industry gaining momentum

While China is a global leader in the internet of things industry, Wuxi in East China's Jiangsu province has overtaken its peers in the development of connected cars.

China expected to see rapid IoT market growth

The internet of things market in China reached more than 1 trillion yuan ($146 billion) last year, and is expected to maintain rapid growth in the next few years, a report has found.

Tariffs 'a bad formula' for chemicals sector

Worried about disruptions in global markets from the Sino-US trade conflict, the American Chemistry Council's CEO is calling on the Trump administration to back away from its unilateral implementation of tariffs on products from China and other countries.

BOC to boost financial services in Guangxi

Bank of China Ltd said it has signed a cooperation agreement with the government of the Guangxi Zhuang autonomous region to build an open financial gateway to the Association of Southeast Asian Nations.

IN BRIEF (Page 5)

Tax evaders, beware, the taxman's coming

THE STATE ADMINISTRATION OF TAXATION has, for the first time, exchanged information on Common Reporting Standard (Guidelines for Joint Declaration of Overseas Financial Accounts) with the taxation authorities of multiple countries and regions. Beijing Youth Daily comments:

Healthy development of private economy essential

Despite people's growing immunity to outlandish claims of self-declared "experts", when an article by a "veteran financial industry insider" appeared online the other day, the impact was seismic.

As the only right choice, trade talks welcome

The US' invitation to China to restart trade talks suggests the Donald Trump administration has changed its idea about settling trade disputes. But the decision is more likely based on its realization that the damage inflicted on domestic industries and consumers by the Trump-ignited tariff war would become unbearable, so it's better to use nondestructive means to settle the trade disputes with China.

Tourists should develop civil, ethical habits

A CHINESE BUSINESSPERSON who provides residential accommodation for tourists in Japan complained on micro blog on Monday that three Chinese tourists had dumped large piles of garbage in the apartment they had rented before leaving. Thepaper.cn comments: