Editor's Note: China recently launched a series of measures to further open up the economy to the outside world, drawing the attention of the international community. Zhong Sheng, a columnist for People's Daily, comments:
The chaos in the Hong Kong Special Administrative Region has provided Tsai Ing-wen, the separatist leader of Taiwan, and her Democratic Progressive Party with an excuse to slander the "one country, two systems", which the Chinese mainland practices in order to realize complete national reunification.
Hong Kong is expected to be free of any more violence, including rioting, now that the special administrative region's chief executive has withdrawn what was a well-intended bill to amend the extradition law.
Since China regained sovereignty over Hong Kong on July 1, 1997, the city has prospered economically, but festered politically. Now, one of the world's richest cities is engulfed by protests, with demonstrators blocking roads, paralyzing the airport, and at times unleashing violence. Far from a uniquely Chinese problem, however, the current chaos should be viewed as a bellwether for capitalist systems that fail to address inequality.
Today, if a girl wants to buy a new lipstick, she won't have to sift through a sea of products pompously lined on the shelves of stores in malls or standalone shops looking desperately for the one with the most familiar name thanks to the advertisement she happened to catch on TV the day before - like I did a decade ago. She would instead check on Red Book, an app with about 200 million users, among which are a large number of online celebrities and beauty bloggers, for recommendations and lipstick assessment notes of the beauty influencers they follow.
As a significant multilateral organization, the International Monetary Fund has played an effective role in promoting economic globalization. To begin with, the IMF has helped advance globalization and international trade. It is committed to boosting and better balancing global trade, while helping IMF member states establish a multilateral payment system with the aim of removing the foreign exchange limits that impede the development of global trade.
ON MONDAY, demonstrators in Hong Kong called for a "strike", asking schools, shops, and factories to close for one day in "protest" against the local government. Their call elicited little response from Hong Kong residents, but some outlets of clothing brand Zara kept their shutters down. China Daily writer Zhang Zhouxiang comments:
AN OFFICIAL ONLINE PLATFORM LAUNCHED in Beijing on Saturday will help dispel scientific rumors in the era of the internet, writes China Daily writer Wang Yiqing:
It is common and generally beyond reproach when one country partners with another in pursuing mutual benefit, so long as no harm is done to a third party.
Media is a word that has come to mean bad journalism. What a visionary Graham Greene was.
With the United States carrying out its threat to levy an additional 15 percent tariffs on the first batch of another $300 billion of Chinese goods on Sunday, the Ministry of Commerce filed a complaint with the World Trade Organization against the US on Monday for violating WTO rules.
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