Banks change tack to cut losses

Bank of Communications Co Ltd became the nation's first large State-owned commercial bank to establish a wholly owned asset management subsidiary to strengthen risk control and improve its asset management capability.

Policies to boost free trade port zone

The aircraft and heavy industry leasing sector in Dongjiang Free Trade Port Zone in Tianjin is expected to see total assets top 1 trillion yuan ($156 billion) in 2019, the zone's administrator said.

Bund area aims to regain past glory

Shanghai's century-old landmark, the Bund, is facing competition from a cluster of skyscrapers across the city's Huangpu River known as the Lujiazui Finance Zone.

US insists on playing its zero-sum game in Asia

By renaming the US Pacific Command the US Indo-Pacific Command, Washington is sending an unmistakable message that it wants to use its Indian Ocean allies and partners to contain China.

Sign that entrepreneurs' rights are better protected

China's top court has overturned the guilty verdict handed down to the founder and former chairman of Wumei Holdings Group almost 10 years ago.

Urgent task to make China a power in science, technology and innovation

PRESIDENT XI JINPING has said China must have strong scientific and technological strength and innovation capabilities to realize its dream of rejuvenation. People's Daily commented on Thursday:

Higher salaries for teachers better than bonuses

THE LOCAL GOVERNMENT IN LU'AN, East China's Anhui province, has issued an apology for the crude law enforcement methods used to break up a teachers' protest. Qianjiang Daily comments:

Time to regulate lethal low-speed electric vehicles

LOW-SPEED ELECTRIC VEHICLES have become increasingly popular, but in the event of an accident they not only harm others, they also harm the occupants, because although they have a similar weight to other cars and can travel at a reasonable speed, they do not have the same safety features as traditional cars. Data show that such low-speed electric vehicles have been involved in over 830,000 accidents that left 18,000 dead and 186,000 injured in the past five years. Thepaper.cn comments:

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How China can manage its global risks

The world economy and international system are now characterized not only by deep interconnectedness, but also by intensifying geopolitical rivalries. For China, the situation has been complicated further by US President Donald Trump's evident view of the country as a strategic competitor, rather than a strategic partner, not to mention massive domestic social change and rapid technological disruption. The only way to mitigate the risks that China faces is with a tough, continuous and comprehensive reform strategy.

Time to make the world economy fairer

US protectionism and the subsequent trade disputes are calling into question the very nature of the World Trade Organization. And the persistent criticism of the Bretton Woods institutions (the International Monetary Fund and the World Bank) suggests the global economy strongly needs updated or new organizations. After all, we have already witnessed the rise of BRICS (Brazil, Russia, India, China and South Africa) and the G20, and emerging powers' and developing countries' claim for better and fuller recognition.

Trump should keep the promise he made to DPRK

While there are some in the United States saying it will win their leader a Nobel Peace Prize, doubts have been cast on whether the planned summit in Singapore between US President Donald Trump and Democratic People's Republic of Korea leader Kim Jong-un will actually take place.