The IMF's downgrading of its global growth forecast for next year, the first time in more than two years, highlights the downside risks to global growth have risen as a result of the trade disputes instigated by the United States.
The Chinese embassy in Canberra was fully justified in hitting back at the "unwarranted invective and blatant slander" of Concetta Fierravanti-Wells in her latest criticism of Beijing's aid program in the Pacific. Considering that China-Australia ties are at a new crossroad, politicians in Australia should make more contributions to bilateral cooperation, rather than continuing to throw mud at China, which is a key economic partner of their country.
A GROUP OF MEN in Lianyungang in East China's Jiangsu province dressed to appear like soldiers of the Imperial Japanese Army walked on the street shouting "Even the imperial soldiers were our customers." After a video clip recording their behavior went viral online on Sunday, the local police said they were promoting a local company. China Daily writer Zhang Zhouxiang comments:
Recently, US academic Yasheng Huang posed the question in The Wall Street Journal: "Jack Ma is retiring. Is China's economy losing steam?" By the same logic, Elon Musk's forced stepdown as chairman of Tesla should prompt the question is the US economy experiencing a slowdown.
Editor's note: At the closing day of the B20 Summit on Oct 5, the organization submitted a document on its conclusions and recommendations for the G20 ahead of its summit next month. The document was criticized by the China Council for the Promotion of International Trade (CCPIT) and the B20 China Business Council for ignoring Chinese concerns and proposals and for its assertion that China's State-owned enterprises create an uneven playing field for market competition. Two experts shared their views with China Daily's Yao Yuxin. Excerpts follow:
Washington's claim that Beijing has forced US enterprises to transfer technology is not only groundless, but also fallacious.
A tiny airport in my mountainous hometown in Sichuan province, where a small number of farmers still live in absolute poverty, has been put into trial operation. It means that next year, if all goes well, I will be able to visit my parents and relatives within half day by taking a flight from Beijing.
US Secretary of State Mike Pompeo's visit to China, which started on Monday, comes at a time when relations between the world's two largest economies are at one of their worst points since they established diplomatic ties four decades ago.
China's cut in the banking reserve requirement ratio, or amount of cash that banks are required to hold as reserves, announced on Sunday, failed to hold back the selling spree in the domestic A-share market on Monday.
OCT 1 IS NATIONAL DAY in China, and the government made the seven days from Oct 1 to Oct 7 a National Day holiday, or Golden Week, 20 years ago in a bid to boost consumption. Beijing News comments:
DESPITE BEING ACCUSED by three women of sexual misconduct, Brett Michael Kavanaugh was sworn in as an associate justice of the Supreme Court of the United States on Saturday after the Senate confirmed his nomination by a vote of 50-48 earlier that day. Beijing News comments:
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