Given the recent fluctuations in China's stock market, the central bank and the banking and insurance regulatory authorities have taken several measures to boost market confidence. In fact, Vice-Premier Liu He addressed the media answering questions on several important economic and financial issues. Besides, the implementation of a series of favorable policies shows the Chinese governments' concern for and support to private enterprises, as well as its confidence in the stock market, which has acted like a tonic for the sluggish market.
Editor's note: Indian Prime Minister Narendra Modi concluded his two-day visit to Japan on Monday after enjoying the hospitality of Japanese Prime Minister Shinzo Abe. During the visit, the two countries pledged to enhance cooperation on economic and security issues in order to build an open and free Asia-Pacific region. What does Modi's visit to Japan mean for the region? Three experts share their views on the issue with China Daily's Liu Jianna. Excerpts follow:
Since Oct 23, several packages with suspected explosive devices were sent to some people in several places in the United States. According to US media reports, all those people have been frequently maligned by right-wing critics.
It might be the worst of times for China's economy given the rise of unilateralism and protectionism as represented by the United States, in particular, erecting trade barriers against its trade partners, including imposing hefty tariffs on $250 billion of Chinese goods.
With Jair Bolsonaro, Brazilian president-elect, pledging radical changes to both the country's domestic and foreign policies, there has been some speculation about the prospects for China-Brazil relations.
THE ROBUST GROWTH OF VIETNAM, against the backdrop of the sluggish world economy, has brought the Southeast Asian country global attention. Beijing News comments:
HURUN REPORT, which produces various lists about the rich in China, recently released a list showing that 30 mainland entrepreneurs cashed in 83.8 billion yuan ($12.07 billion) in the past year, an increase of 4 percent over last year. Rednet.com comments:
Editor's Note: The speech by US Vice-President Mike Pence at the Hudson Institute earlier this month reflects Washington's antagonistic approach to China, Chen Dingding, a professor of international studies with the Guangzhou-based Jinan University, commented in People's Daily Overseas Edition on Monday. Excerpts:
This year marks 40 years of China's reform and opening-up. Over the four decades, China's growth and progress has been remarkable.
Another upturn in the US inflation cycle is at hand. It was inevitable. Since the Great Disinflation of the early 1980s, when the annual increase in the Consumer Price Index plunged from 14.7 percent in March 1980 to 2.4 percent in July 1983, inflation has generally remained in a relatively narrow 1 to 5 percent range. When the economy softened, inflation slid to the lower end of that range, and when it strengthened in the late 1980s, late 1990s, and in the pre-crisis 2000s, it moved to the upper end. Such is the case today.
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