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When politics trumps economics

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.

Pension reform a service to senior citizens

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.

Market forces and tech real engines for economies

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 reshaping rules in bid for economic hegemony

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.

Mattis' visit an opportunity to stabilize military relations

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.

Decline in Foxconn unit's share price warning to investors of unicorn hype

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:

Returnees help drive country's development

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:

Canceling roaming charges responds to leadership's call

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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Diplomacy with 'correct conception'

At the two-day central conference on foreign affairs work in Beijing, which ended on Saturday, President Xi Jinping underscored the importance of keeping in mind both domestic and international imperatives in the nation's foreign affairs work. He said the country's diplomatic work should take national rejuvenation and promoting world peace and common development as the main tasks, strive to build a community with a shared future for mankind and firmly safeguard the country's sovereignty, security and development interests.

China's cooperation versus US' protectionism

The United States has resorted to trade protectionism to not only boost its economy but also maintain its global hegemony, disrupting the world order and causing tensions across economies. Should China cooperate with other countries to counter the US' protectionist moves? Two experts share their views with China Daily's Pan Yixuan. Excerpts follow: