US bike maker's decision exposes another ugly side of Trump policy

US motorcycle maker Harley-Davidson's announcement on Monday that it would move more production out of the United States is the latest reminder that the US' unilateral measures to increase tariffs is causing self-inflicted wounds.

Winning a trade war is not so easy, Mr President

By using tariffs to force US companies to import less and targeting Chinese investment in high-tech industries in the United States, US President Donald Trump is implementing a simple plan to blunt the competition from China and help create jobs in the US.

Progress and challenges in the fight against drugs

As China marked International Day against Drug Abuse and Illicit Trafficking on Tuesday by burning seized drugs and announcing the executions of some drug traffickers, there is no denying that despite the positive results of their crackdown, the authorities still face a serious challenge in the fight against drugs.

Reducing deposit reserve ratio releases funds for restructuring

THE PEOPLE'S BANK OF CHINA said it will lower the deposit reserve ratio for commercial banks by 0.5 percentage points on July 5, the third time this year, which will release about 700 billion yuan ($107 billion) to support debt-for-equity swaps and financing of small and micro-sized businesses. Economic Daily comments:

1-by-3 scrutiny will better protect environment

IN RESPONSE to public concerns about environmental protection issues, the provincial government in Fujian has initiated a "one-by-three" inspection with a clear problem-oriented approach. Beijing News comments:

Top 10 high schools act to counter hype of exam performance

THE GAOKAO, national college entrance examination, results have been released, with 10 famous high schools jointly announcing they object to any attempts to hype up the high scores achieved by any of their students. China Youth Daily comments:

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When politics trumps economics

With each passing day, it becomes increasingly evident that US President Donald Trump's administration cares less about economics and more about the aggressive exercise of political power. This is obviously a source of enormous frustration for those of us who practice the art and science of economics. But by now, the verdict is self-evident: Trump and his team continue to flaunt virtually every principle of conventional economics.

Pension reform a service to senior citizens

The State Council, China's Cabinet, decided to transfer some State-owned assets to the National Social Security Fund last year. The State Council recently issued a document saying it would establish a central adjustment system for basic pension funds of enterprise employees, which will come into effect on July 1, to balance the payment burdens of local governments.

Market forces and tech real engines for economies

The world has recently seen quite a few geopolitical and government policy moves making inroads into areas where economic activities are supposed to play the leading role. Such attempts include raising trade tensions and using data protection policies to influence international trade. Policymakers seem to guide economic activities through their political decisions, which appear to go against long-established market rules and norms.

US reshaping rules in bid for economic hegemony

US President Donald Trump reportedly plans to impose restrictions on Chinese companies investing in US tech firms and blocking even more high-tech exports to China under the guise of protecting national security, but such a rules-breaking practice is politicizing business and will lead to investors, Chinese or not, losing trust in the US market.

Mattis' visit an opportunity to stabilize military relations

That US Defense Secretary Jim Mattis is reportedly going to adopt a less confrontational stance toward China during his visit to Beijing than he has done recently is to be welcomed, given his earlier stance was in danger of "poisoning the well", as he tacitly acknowledged.