US itself to blame for trade deficits

Holding China responsible for the US' trade deficits and unemployment, US President Donald Trump has launched what could turn into a full-blown trade war against China, by imposing high tariffs on Chinese products and strictly restricting technology transfer. But data show the US itself is responsible for its trade deficits, and cannot solve the problem without undergoing a radical economic transformation.

Google intensifies efforts on mainland

International technology giant Google Inc is accelerating efforts to rebuild its presence in the Chinese mainland market by introducing more of its parent company's Alphabet Inc's business into the local market.

5G initiative to boost industrial internet reach

China's intensified efforts to commercialize the fifth-generation mobile communication technology will lay a sound foundation for the development of industrial internet in the country, experts said on Friday.

Mavic 2 drone series unveiled in Beijing

DJI, the world's largest commercial drone manufacturer by market share, unveiled its Mavic 2 series of drones on Friday, amid sluggish growth in China's consumer drone market.

Chinese startups, investors looking at India

India is now an important startup destination, and even small and medium-sized Chinese enterprises, venture capital firms and angel investors are eyeing it, and seeking local insights, experts said at an entrepreneurship forum in Beijing on Tuesday.

IN BRIEF (Page 5)

BoComm H1 profit up 4.61%

Bank of Communications Co Ltd posted 4.61 percent net profit growth year-on-year in the first half of this year, hitting a record high since 2015.

Meituan-Dianping wins approval for HK float

Meituan-Dianping, an online food delivery and booking platform, is said to have won approval from the Hong Kong stock exchange for its planned IPO, in what would be the second listing under the city's new dual-class share system.

Lower income triggers fall in Alibaba shares

Alibaba Group Holding Ltd saw its shares tumble 3.16 percent in New York on Thursday to close at $172.23, as the Chinese internet giant reported its first profit slide in several quarters despite top-line revenue growth.

US will aggravate self-inflicted wounds by persisting with tariffs

The United States imposed 25 percent tariffs on $16 billion of Chinese goods on Thursday, forcing China to retaliate and impose tariffs on US goods of equal value.

Much can be done to curb plastic pollution

THE EUROPEAN COMMISSION recently issued A European Strategy for Plastics in a Circular Economy. Beijing News comments:

Law must act as a dam to stem tide of child pornography

ACCORDING TO OFFICIAL news, some netizens have submitted clues about websites such as Shotazone spreading pornographic pictures and videos of underage persons. An investigation is now underway. Gmw.cn comments: