This year marks the 70th anniversary of the founding of the People's Republic of China. It is also a crucial year for stabilizing economic growth, implementing the 13th Five-Year Plan (2016-20) and building a moderately prosperous society in an all-round way.
The global population is becoming older due mainly to fewer children being born, reinforced by people living much longer. China is now home to the largest number of elderly people and their size is increasing faster than in most other aging countries, with the fastest increase happening among the oldest old (aged 80 or above).
Editor's note: The US Department of Agriculture stipulates all food containing more than 5 percent of genetically modified components must disclose the GM information in their labels in appropriate ways from Jan 1, 2020. Beijing News comments:
The White House's reaction to Apple's slashing its revenue guidance for the fiscal first quarter is both odd and unreasonable. Speaking on Friday, the day after Apple's announcement, Director of the National Economic Council Larry Kudlow said China may have "picked off" Apple's technology as it was becoming very competitive with the US giant.
The successful landing of China's Chang'e 4 probe on the far side of the moon on Jan 3 marks a significant step forward in the exploration of outer space and paves the way for future space missions.
THE TRADE VOLUME of e-commerce has increased more than tenfold in the past decade in China, and the turnover of online retail sales in China overtook that of the United States in 2013 to become the largest in the world. But that fast growth has been accompanied by problems. The E-Commerce Law came into effect on Jan 1 to better regulate the industry. The 21st Century Business Herald comments:
CHINA ALLOWED all couples to have two children in 2016 to cushion the effect of its fast aging society. But the number of newborns has remained markedly lower than expected over the past two years. Beijing News comments:
China must be and will be reunited. By asserting this historical truth at a gathering in Beijing on Wednesday to mark the 40th anniversary of the Chinese mainland's Message to Compatriots in Taiwan, President Xi Jinping provided the direction that cross-Straits ties will take in the future and dealt a heavy blow to the proindependent politicians on the island, cautioning them to not reject the fact of national reunification.
The individual income tax reform allowing special deductions for children's education, continuing self-education, treatment of serious diseases, housing mortgage interest, housing rent and support for senior citizens that came into effect on Jan 1 is a key step toward changing China's individual income tax system from classified to comprehensive tax collection.
As neighboring countries and close partners, Canada and the United States share common interests in various fields. But despite that, the two countries' relations have seen twists and turns, including trade disputes, recently.
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