THIS YEAR'S NOV 11 annual online shopping spree has ended, and one e-commerce platform after another has announced their sales reached record-high. Yet behind that there is hidden risk, comments Beijing News:
US President Donald Trump will conclude his extended visit to Asia on Tuesday, during which he has visited Japan, the Republic of Korea, China, Vietnam and the Philippines. But of all the countries on his itinerary, his three-day visit to China has been the highlight of his first trip to Asia as US president.
E-commerce and e-payment, two of the "four new inventions of China", reached a new peak this year as the Singles Day sales on Nov 11 reached 253.97 billion yuan ($38.2 billion). China's "new inventions" can be more accurately described as "innovations", because there have been similar inventions in foreign countries before.
Two recent but separate developments show the Chinese authorities' resolve to expedite measures to curb financial risks after the 19th National Congress of the Communist Party of China.
This time last year, as the world was coming to terms with Donald Trump winning the US presidential election, Europeans and Chinese worried about the president-elect's provocative rhetoric and what he would do in office.
Despite the lackluster global economic recovery, the Asia-Pacific has remained the world's most economically dynamic region and the main engine of global growth.
Premier Li Keqiang commented on the important role consumption plays in driving China's economic growth at a recent meeting with economic experts and entrepreneurs.
SATURDAY MARKED the annual Nov 11 online shopping sales. The total amount generated in the sales this year is not yet known, but it will definitely set a record because within 13 hours it had exceeded 120.7 billion yuan ($18.1 billion), the total for the whole day last year. The Economic Observer comments:
ON NOV 7, the World Health Organization issued formal guidelines for the animal industries, which calls for food-animal producers to refrain from using antibiotics in healthy animals, so as to curb the rampancy of drug-resistant bacteria. Thepaper.cn comments:
ON AUG 18, the Shanghai Transportation Commission calculated that the total number of short-hire bicycles in the city far exceeded the city's parking capacity, so it forbade enterprises from putting new ones into use and asked enterprises to maintain the existing ones well. Recently the commission said it had already removed about 500,000 bicycles that had been left in inappropriate places. Guangzhou Daily comments:
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