Digital currency can help meet new financial challenges

Mu Changchun, deputy director of China's central bank's payments department, said recently that the People's Bank of China is working on its own digital currency, which may be launched soon.

Message delivered; was it received?

The US leader has not been very happy to be seen as an outlier among the other leaders attending the G7 summit in Biarritz, France, mainly because of his different stance on issues such as the Iran nuclear deal and climate change, which have made it impossible for the world's major industrialized countries to unite around common goals.

4G users should not be made to pay speed price for rollout of 5G

WEN KU, director of the telecom development department at the Ministry of Industry and Information has denied the rumor that the speed of 4G networks is being restricted to promote 5G. Beijing News comments:

US companies losing opportunities because of tariff war

Editor's note: Some US officials recently claimed that the tariff policy adopted by the United States is dealing a heavy blow to China's economy since foreign investment is leaving China, but the fact is that foreign investment continues to flow into China, and even the investment of US companies continues to increase. 21st Century Business Herald comments:

Sign purchasing power on the up

ACCORDING TO CHINA'S CENTRAL BANK, the number of domestic credit card holders increased by 20 percent in 2018. China Daily writer Zhang Zhouxiang comments:

Weekend's violence, part of orchestrated campaign of terror in Hong Kong

Law-abiding people in Hong Kong have been appalled by the violence that erupted in the special administrative region over the weekend while the SAR government warned in a statement that the acts of extremists are pushing the city toward an "extremely dangerous situation".

Beacons on the reform path ahead

When China established the country's first pilot free trade zone in Shanghai six years ago many people adopted a wait-and-see attitude, as unlike other projects of national importance, the central authorities had not set aside any special funds or offered any preferential policies tailor-made for the zone as, it was intended as a testing ground for reforms.

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Improving foreign reserve management

China has the world's largest foreign exchange reserves, about $3.12 trillion, according to official data. According to the US Department of Treasury statistics, however, by the end of June 2019, Japan held $1.12 trillion in US government bonds, more than China's $1.11 trillion, which means it has again become the largest holder of US government bonds. And given the Sino-US trade war, speculation is rife whether China will further reduce its US government bond reserves, perhaps on a large scale.

In the future, how an AI utopia would work

It is more than 500 years since Sir Thomas More found inspiration for the "Kingdom of Utopia" while taking a stroll on the streets of Antwerp, Belgium. So, when I traveled there from Dubai in May to speak about artificial intelligence (AI), I couldn't help but draw parallels to Raphael Hythloday, the character in Utopia who regales sixteenth-century Britons with tales of a better world.

US must look inward to solve fentanyl problem

Editor's Note: Despite its past appreciation of China's efforts in helping it contain the drug overdose problem, the US has blamed China for the proliferation and misuse of fentanyl. Why is the US blaming China for its domestic problem? And why hasn't the US administration's fight against fentanyl achieved desirable results? Two experts share their views on the issue with China Daily's Liu Jianna. Excerpts follow:

Marathon runner deserves respect, not mockery

A MAN WHO WAS RUNNING LAST IN A MARATHON RECENTLY held in Baotou, the Inner Mongolia autonomous region, was "persuaded" by race volunteers to give up and someone even posted the video online showing people mocking him. Southern Metropolis Daily comments: