That the US Federal Reserve decided on Wednesday to cut its key interest rate for the first time since December 2008 during the depths of the global financial crisis suggests that the US economy is facing a possible downturn, and it is not doing as well as some would have us believe.
NORTHEAST CHINA, the country's rust belt, has recently seen a batch of investments by big companies. China Daily writer Li Yang comments:
SOME CHILDREN that appeared to be under the age of 10 were seen being photographed wearing heavy sweaters on the Bund in Shanghai recently, even though the outdoor temperature was 30 C. China Daily writer Zhang Zhouxiang comments:
Editor's note: China and the United States held their 12th round of high-level economic and trade consultations in Shanghai on Tuesday and Wednesday - a concrete action to implement the consensus reached between the heads of the two countries on the sidelines of the G20 Summit in Osaka in June. Zhong Sheng, a columnist for People's Daily, comments:
A couple of months ago, while touring Jiangxi province, President Xi Jinping made reference to an old revolutionary milestone. "Now there is a new Long March, and we should make a new start," he said in response to China's mounting economic conflict with the United States.
The white paper, "China's National Defense in the New Era", issued on July 24 is the first systematic and comprehensive white paper on China's defense in four years, and details the new command and management system of the People's Liberation Army and its new strategic tasks and long-term development plan.
The meeting between foreign ministers of Japan and the Republic of Korea, Taro Kono and Kang Kyung-wha, on Thursday on the sidelines of the ASEAN Regional Forum failed to ease the Tokyo-Seoul trade conflict, so all eyes are on a trilateral meeting between Kono, Kang and US Secretary of State Mike Pompeo on Friday.
Editor's Note: As the People's Republic of China prepares to celebrate its 70th anniversary on Oct 1, China Daily is featuring a series of stories on the role regions have played in the country's development and where they are today.
Before accompanying her son 980 kilometers to check out a bar in Chengdu made famous by a hit pop song, Mei Chun thought traveling to the Sichuan capital was like going to another realm.
This summer, the world-famous Chengdu Research Base of Giant Panda Breeding in Sichuan province has been flooded with visitors, many of them school children on holidays accompanied by their parents.
Editor's Note: As the People's Republic of China prepares to celebrate its 70th anniversary on Oct 1, China Daily is featuring a series of stories on the role regions have played in the country's development and where they are today.
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