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:
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:
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.
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.
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 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.
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.
LAST WEEK, China's A-share market witnessed a dramatic fall that should be a warning to the current unicorn speculation in the A-share market. Beijing News comments:
CHINESE RETURNEES who have studied overseas play an important and unique role in advancing China's development with their international perspectives and adventurous spirit. Beijing Youth Daily comments:
THE THREE DOMESTIC telecom giants, China Mobile, China Unicom and China Telecom, have announced that, starting July 1, they will cancel their data roaming fees within the country, except for the Hong Kong and Macao special administrative regions and Taiwan. Beijing News comments:
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