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The bankruptcy of Lehman Brothers a year ago was the beginning of one of the worst economic crises. Although the worst is behind us, we can't expect a V-shaped recovery.
Land-based finance, or extra-budgetary fund, which is the revenue governments earn from allocation of land to developers - seems to have made a comeback in recent months. Local governments benefit a lot from such funds, yet this won't continue for long, says an article in China Youth Daily. Excerpt:
As has been stated by the latest Guangdong Consumer Blue Book, young migrant workers have began changing their consumption pattern by loosening their purse strings. That means migrant workers are willing to settle in cities, and we should help them in their efforts, says an article in Beijing News. Excerpt:
China has a long way to go before Chinese mainland scientists' names begin appearing on the list of Nobel Prize winners, says an article on Red Net.
The US proposal on Framework for Sustainable and Balanced Growth took many G20 leaders by surprise at their recent Pittsburgh summit.
The call to reform the Nobel Prize system is not new, and gained strength about a decade ago. Though the Nobel Foundation may not add new prizes in the near future, a systematic change would be good not only for the prize, but also for the development of science in the 21st century, says an article in the Beijing News.
In run up to the National Day holidays, the country famous tourist attractions are raising ticket prices in droves.
Governments should fight extravagance and waste by auditing the accounts for the celebration of the 60th anniversary of the People's Republic of China (PRC), says an article in China Business View. Excerpt:
As the 60th anniversary day nears, young Chinese netizens cordially express their patriotism online in various ways. The criticism, by some conservatives, of the younger generation's unconventional display of patriotism indicates the necessity to expand social space to better realize the citizen's freedom of individual expression, says an article in Qilu Evening News. Excerpts:
Despite of some fabricated stories,the subject of Moral Education should be introduced to more modern ideas.
As the global economy shows signs of revival, the US dollar seems to be heading toward a decline. The resultant pressures for the revaluation of the yuan calls for timely action to reconstruct our monetary system and encourage sustainable development, says an article in Shanghai Morning Post.
Jiangxi provincial authorities recently launched a campaign to make real estate developers declare their costs after they claimed to be selling property at a price lower than the cost.
The State Administration of Taxation issued a document recently saying taxes should be levied on employees' perks, including traffic and communication allowances. The move is not only ill timed, but also bad for the tax department, says an article in Shanghai Morning Post.
Establishing a high-speed railway network across the main cities is good for development. But the authorities should also improve the railway network in undeveloped areas to guarantee social fairness, says an article in Guangming Daily.
Lehman Brothers went bust a year ago, triggering the global economic crisis. It is time for us to review the causes and effects of the crisis, says an article in Yanzhao Metropolis Daily.
The educational reform in Jiaxian county, Henan province, has exposed 252 teachers who furnished false information about their age to get relatively high payment after early retirement. Such people add to the already high expenditure on administration, says an article in Qilu Evening News.
According to China's new Postal Law, which comes into effect from Oct 1, and its regulation for implementation, intra-city express delivery of items under 50 g and intercity delivery of items under 100 g will be handled by State-owned post offices. Private mail services may lose 80 percent of the express delivery market that accounts for 40-60 percent of the total express business, but it also means postal service remains a public utility service, says an article in China Youth Daily.
Trade relations between Beijing and Washington suffered a blow after US President Barack Obama imposed heavy duty on tires imported from China recently. On Sept 13, China's Ministry of Commerce (CMC) filed a filed a formal complaint with the WTO over the steep US tariff. The CMC's timely countermove will be important to long-time US-China trade ties, says an article in Takongpao.com.
The 60th anniversary of the People's Republic of China this year is also the 60th anniversary of the State Council. Yet the latter has never had a signboard outside its office.
As world leaders are slated to gather in Copenhagen this month to find a replacement to the Kyoto Protocol, talks about climate change are gathering steam. But is climate change the most pressing threat for mankind?
China declared on Nov 26 that it would reduce the carbon intensity by 40-45 percent below the 2005 levels by 2020.
Asia has rebounded fast from the depth of the global crisis. Initially, the region was hit extremely hard, with output in most countries shrinking by much more than even those nations at the epicenter of the crisis.
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