China's banking and insurance regulatory body took over Baoshang Bank on Friday for one year, as the joint-stock commercial bank is exposed to serious credit risk, according to a statement jointly issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
Whatever the result of the trade dispute with the United States, China must do a good job when it comes to the growth of its own economy and the development of its own science and technology.
Reportedly, the United States administration is considering extending its attacks on Chinese companies by blacklisting China's largest surveillance equipment manufacturer Hikvision.
A RECENT CASE SHOWS the shortcomings in China's regulations on body donations for medical research. They need to show more consideration to the donors' families, China Daily reporter Li Yang comments:
A VIDEO SHOWING a woman with a baby beside her being beaten by a man for 40 seconds has been widely spread online. According to the local police in Heshan, Guangdong province, the man and woman are a couple, and the woman installed a hidden camera to collect evidence of the man's abuse. China Daily writer Zhang Zhouxiang comments:
EDITOR'S NOTE: In the eyes of the current US administration, every time its "America first" hegemonic behavior suffers a setback when dealing with other countries, it always likes to accuse them of breaking the rules. Zhong Sheng, a columnist for People's Daily, comments:
Editor's Note: How will the escalating China-US trade dispute affect China's export-oriented enterprises? Will the trade dispute lead to job losses? And how should China tackle the trade dispute? Two experts share their views on the issue with China Daily's Liu Jianna. Excerpts follow:
There are many opinions on why China and the United States are locked in a trade dispute. For example, Steve Bannon, former White House chief strategist, has argued in an article he wrote that the two countries are engaged in a "model competition", an idea shared by many Chinese scholars.
Over the four decades of reform and opening-up, China has wholeheartedly embraced economic globalization, a concept introduced to the country by Western governments, economists and multinational corporations. China, it was said at the time, could use its comparative advantages, mainly its cheap labor and later also its huge market, to become part of global supply chains.
First, the United States withdrew from the nuclear deal global powers brokered with Iran, reinstating sanctions based on unsubstantiated allegations of Iranian violations.
ONE DAY AFTER A VIDEO was posted online showing pop icon Wang Yuan smoking in a restaurant in Beijing, he issued an apology on social media, saying that he would bear the responsibility and accept the penalty. China Daily writer Zhang Zhouxiang comments:
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