The recent appreciation of the US dollar and the uneven pace of monetary policy normalization in many countries have become a headwind for emerging economies. This month, the Turkish lira has sharply depreciated against the US dollar, followed by a jump in Turkish bond yield for fear of high inflation. Earlier this year, after failing to stabilize its currency, Argentina sought the International Monetary Fund's support to stabilize the peso. The IMF agreed to give a $50 billion standby line of credit but on conditions that required necessary domestic fiscal and structural adjustment.
Some provinces and cities have of late issued policies to encourage couples to have two children. But will they be effective?
An anti-bacterial compound used in the treatment of tuberculosis but not so well known to people suddenly created a buzz on China's search engines and social networks. By Friday night, domestic search engine baidu.com showed 5.79 million search results for the compound, while Sina Weibo, China's equivalent to Twitter, recorded 50 pages of discussions on it.
After many years of rapid growth, serious trade tensions have emerged between the United States and China. Since open trade is key to avoiding significant economic and environmental costs and ensuring food security and nutrition, the ongoing trade conflicts have the potential for disastrous outcomes, as China and the US are key players in global agricultural trade.
Before her flight to Los Angeles, where she is making a stopover en route to Belize and Paraguay, Taiwan leader Tsai Ing-wen spoke of remaining "firm so that no one can obliterate Taiwan's existence".
So the sitting leaders of the two Koreas will meet again in September in Pyongyang.
A LIST OF the top 30 city economies released by the market research company Askci Consulting has been published by many media outlets, catching people's attention. Beijing Youth Daily comments:
SIX MAJOR FILM PRODUCTION COMPANIES and three video websites issued a joint statement on Saturday in support of the administrative department's notice on restricting unreasonable remuneration for movie actors and actresses. Qianjiang Evening comments:
IN COLLABORATION with enterprises, the China Aquatic Products Processing and Marketing Alliance recently drafted a new standard that categorizes rainbow trout as salmon. Beijing News comments:
Editor's note: Many in the West claim China's investments overseas, particularly in Africa, serve its own political purpose, which exposes their Cold War mentality. Three experts share their views on the issue with China Daily's Liu Jianna. Excerpts follow:
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