IN THE FIRST half of this month, 71 peer-to-peer online lending platforms have closed down and some of the business owners have fled. The unprecedented wave of P2P lending collapses is causing panic in the entire industry. Guangming Daily comments:
REPORTEDLY, about 40 percent of the depression among the elderly nowadays is caused by the pressure of looking after grandchildren. China Youth Daily comments:
LEI CHUANG, a well-known public figure famous for combating discrimination against people with hepatitis B, has confessed to sexually assaulting a woman. This has caused people to look at the public welfare industry with critical eyes. Beijing News comments:
Following his state visits to the United Arab Emirates, Senegal, Rwanda and South Africa from July 19 to 24, President Xi Jinping is set to pay a goodwill visit to Mauritius on July 27-28. He is also attending the 10th BRICS summit in South Africa from Wednesday to Friday.
Editor's note: The Changchun Changsheng Bio-tech Company has become the target of public fury for falsifying production data and making substandard DPT (diphtheria-pertussis-tetanus) vaccines that are given to children. Three experts share their views with China Daily's Yao Yuxin on the issue and how should the vaccine sector win back public trust. Excerpts follow:
China has made remarkable breakthroughs in science and technology during the four decades of reform and opening-up. For example, it has achieved progress in the fields of manned spaceship, deep submarine, supercomputers, and quantum communications technology. Besides, it has also enhanced its research capability.
This is exceedingly unusual in NATO's 69-year history. Almost immediately before the NATO summit in Brussels, US President Donald Trump criticized Germany for being "captive" to Russia and called the other NATO member states "delinquent". Hours before his meeting with Russian President Vladimir Putin, Trump described the European Union as one of his greatest "foes". Earlier, he had said, "frankly, Putin may be the easiest of all" to talk with.
With both President Xi Jinping and Premier Li Keqiang issuing harsh, personal condemnations and ordering thorough investigations of the company at the heart of a vaccine scandal, the chairwoman and four senior executives of the Changchun Changsheng Bio-tech Company are now in police custody and under investigation for criminal liabilities.
That the fiscal policy is to "become more active" should by no means be taken as an indication the government will resort to a deluge of stimulus policies, since to do so would only swell debt and increase the pressure on the economy.
THE GOVERNMENT OF TONGREN, a city in Southwest China's Guizhou province, and Hyperloop Transportation Technologies, a US startup, have signed a cooperation framework agreement to build the first hyperloop in China. Qianjiang Evening News comments:
LAST WEEK, a 21-year-old woman in Weinan, Northwest Shaanxi province, was declared brain dead after she was bitten by a coral snake she bought as a pet online. Who should be blamed for the tragedy? China Youth Daily comments:
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