Many people believe housing prices are increasing rapidly because the People's Bank of China has printed a lot more currency notes than needed. But the fact is the other way round: The booming property market has generated the need for more currency notes.
SPORTS COMPETITIONS have rules that the athletes have to abide by. All athletes and officials have to abide by the rules about team uniforms. However, Chinese athlete Sun Yang, who won gold in the men's 200-meter freestyle swimming contest in the ongoing Asian Games in Jakarta, Indonesia, chose to wear the tracksuit of a brand with which he has a contract rather than the official teamwear at the medal ceremony. Beijing News comments:
THE SHARP RISE IN HOUSING RENTS in some cities this summer has overtaken the growth of local residents' disposable incomes by a large margin, causing wide concern. Economic Information Daily comments:
Just hours after Taiwan leader Tsai Ing-wen landed on the island on her return from a trip to two Latin American countries, another, El Salvador, cut its "diplomatic relations" with Taipei, switching them to Beijing.
WITH THE LAST SECTION OF A HIGHWAY ENCIRCLING the capital opened to traffic on Monday noon, Beijing's Seventh Ring Road has been completed. Beijing News comments:
Despite the pain being inflicted on US businesses and consumers by the blowback from his tariffs and the growing outcry against his intransigent approach, US President Donald Trump is still talking a good game, insisting that he can win a trade war with China.
There is a saying in China that if you want to be rich, you need to build a road and a bridge. Which is true, as the infrastructure facilities China has built over four decades of reform and opening-up have boosted its economic growth and helped it lift more than 800 million people out of poverty.
Editor's Note: Some experts recently proposed that "maternity funds" be established with the contributions from childless and single-child couples to help those families that have two or more children. Their argument is that the measure will encourage (if not force) all childbearing age couples to have two children and help ease the aging problem. But their proposal has sparked a heated debate online on how to sensibly encourage couples to have two children and cope with the aging population. Three experts share their views on the issue with China Daily's Liu Jianna. Excerpts follow:
When it comes to China's technological prowess, we get to hear two extremely contrasting views. The first is exaggeration. Some irresponsible media outlets tend to praise China's technological capabilities to the sky. They use headlines such as, "The US is shocked! A Chinese scientist has helped China develop chip technology that is way better than those possessed by other countries!", to prove their point.
Although 93, Malaysian Prime Minister Mahathir Mohamad has shown great interest in the latest achievements of China's technology companies during his ongoing visit to China.
On Saturday, United States President Donald Trump called on "all of the fools" focusing on Russia to "start also looking in another direction, China".
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