'Four new inventions' we should be proud of

President Xi Jinping has been reiterating the importance of innovation in economic development, and recent media reports have highlighted the "four new great inventions" of modern China - high-speed railway, Alipay, shared bicycles and online shopping. The four new inventions are technological breakthroughs that will help China move toward overall prosperity and make innovation a driver of economic development.

A novel way of cooling the housing market

President Xi Jinping has said "houses are built to be lived in, not for speculation". In this context, the pilot for joint property rights housing implemented by Beijing Municipal Commission of Housing and Urban Rural Development is an important move to cool down the heated housing market in the capital.

Chinese are ready for adventure, but is EU prepared to receive them?

Brussels' tiny Schumann Square, around which European Union institutions and embassies are nestled, may not be as famous as Beijing's Tiananmen Square, New York City's Times Square or Moscow's Red Square. But it has started drawing Chinese tourists, many of whom choose novel ways to reach there.

No laments if presidency Bannon fought for is over

There are many reasons for concerned Americans and the rest of the world to heave sighs of relief at Steve Bannon's departure from the White House.

Japanese diplomat distorts facts

Japanese Ambassador to India Kenji Hiramatsu referred to Donglang, the site of an on-going standoff between China and India, as a disputed area and said no country should change the status quo by force in an interview with Indian media on Friday.

Bannon's self-declared war is over

The war is over for former White House chief strategist Steve Bannon. The political combatant has won major battles but lost his self-declared war. Being forced to hear the line "you're fired" and leave his last stronghold in Washington after his removal from the National Security Council in April, this advisor to the US president has been banished from the inner circle by the trend of history.

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New world order is the inevitable trend

After decades of turbulence, the world order led by the United States has begun to change, with the 2008 global financial crisis possibly being the turning point and this year signaling a new beginning.

Shared parking app needs policy support

Parking has become a big problem for car owners in cities. According to a "White Paper on Parking Industry Development", prepared by Tsinghua Tongheng Urban Planning& Design Institute in June, the ratio of cars to parking space in China is 2:1, and the parking sector should be worth 17 trillion yuan ($2.55 trillion) to meet most of the needs.

India's trespassing justifications invalid

Calling Donglang a disputed area in spite of the consensus between China and Bhutan makes no sense at all, and India doing so does not justify the trespassing of its troops in the area. Apparently some Indian hardliners think creating the border dispute will help secure the "chicken's neck", the narrow corridor linking the Indian mainland to its northeastern states, as well as its regional dominance.

Will Japan ever look into the mirror and atone for its war past?

Summer is the time when Japan observes the anniversary of its sufferings during the last year of World War II and its surrender on Aug 15, 1945, which it describes as "the end of war".

$25b projects, bonds to sustain growth

China approved big-ticket investments for 22 fixed-asset projects in July, up from 11 in June, and launched new bonds in an attempt to maintain stable economic growth, the National Development and Reform Commission said on Friday.