CHINA IS PREPARING to reform the system for collecting social insurance contributions, a move that some fear could result in an increased burden on local businesses. Beijing News comments:
AFTER THREE YEARS of service, the first short-hire sharing bikes have reached their retirement age. ThePaper.cn commented on Sunday:
As the trade conflict between China and the United States threatens to develop into a full-blown trade war, complaints and criticism about US hubris and hegemony have become rampant. The US-China trade conflict may be the biggest global issue since the Sept 11, 2001 attacks and the 2008 global financial crisis, and it is having the worst impact on bilateral relations in the 21st century.
Consumption downgrading has become a hot topic of discussion among Chinese netizens, but whether Chinese people are reducing their consumption or changing the nature of their consumption is not only hard to ascertain but also hard to prove.
Retail sales of consumer goods have grown at a slower pace this year. From double-digit growth in previous years, retails sales have fallen single-digit growth this year, except for March, sparking concerns that China is experiencing consumption downgrading.
Following the United States and Australia, Japan is mulling banning Chinese telecommunications companies Huawei and ZTE from participating in its 5G network on the grounds of national security.
China's foreign exchange reserves fell slightly to $3.11 trillion in August, according to data the People's Bank of China released on Friday.
New Zealand's Fonterra, the world's biggest dairy exporter, is planning to triple its sales in China, including ultra-high temperature and pasteurized milk, to further consolidate its market position, a top company official said.
The nation's southernmost Hainan province will build a group of brand-name theme parks and other resorts, furthering its push to become an international tourism destination.
The Asian Infrastructure Investment Bank, a multilateral financial institution headquartered in Beijing, held an international legal conference in the capital this week to examine and promote effective dispute resolution.
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