Yuan depreciation is market's response

The yuan weakened beyond 7 per US dollar on Monday for first time since 2008 driven by market forces and escalating Sino-US trade conflicts. But the yuan does not have much room for further depreciation, because the fundamentals of China's economy are good, the yuan's value is basically stable and China's foreign exchange reserves are high.

A new milestone for Chinese animation films

Animation film Ne Zha, based on a Chinese folktale in which the young hero named Ne Zha fights a dragon king for sake of the people, has created a box office miracle in China this summer, grossing at least 2 billion yuan ($284.69 million) in less than two weeks and setting a new record for Chinese animations. Which shows the huge potential the market for not only Chinese animations but also Chinese films as a whole have.

Beijing committed to building a better future for Hong Kong

Since its reunification with the motherland in 1997, Hong Kong has institutionally secured the Chinese mainland as a great platform for its development. Which is a completely new phenomenon for Hong Kong.

EU pushes Bulgarian for top job at IMF

The European Union has decided to put forward World Bank official Kristalina Georgieva as their candidate to replace Christine Lagarde as head of the Washington-based International Monetary Fund. But the move has raised doubts about the European domination of the organization that fosters global financial stability.

Titanic shipyard set to go bankrupt

BELFAST, Northern Ireland - The iconic Belfast shipyard Harland and Wolff, which built the Titanic, headed toward bankruptcy on Monday as its workers vowed to continue a weeklong occupation of the site.

HK's future can't be hijacked by those with ulterior motives

That the acts of the radical protesters are against both the will and interests of the majority of Hong Kong people was clearly demonstrated by the scenes of ordinary citizens getting down from their stranded buses and helping to remove the barriers set up by the radicals on some of Hong Kong's major thoroughfares on Monday.

True Hong Kong lovers are patriots

ON SATURDAY, some radical protesters in the Hong Kong Special Administrative Region removed a national flag from a flagpole near Tsim Sha Tsui Star Ferry Pier and tossed it into the harbor. The next morning, some local patriotic residents raised the flag again. China Daily writer Zhang Zhouxiang comments:

US stooping to new depths of deviousness

Editor's note: The president of the United States recently issued a memorandum to the US trade representative on reforming the developing country status in the World Trade Organization, stepping up its efforts to demand the WTO change its rules on this issue within 90 days, or the US will take unilateral action. Zhong Sheng, a columnist for People's Daily, comments:

White supremacy attacks another form of terrorism

A MASS SHOOTING AT A WALMART STORE IN EL PASO, Texas, in the United States, on Saturday claimed 20 lives and left another 27 injured. Gong Honglie, an associate professor of anti-terrorism studies at Nanjing University, comments:

Yuan's exchange rate will remain reasonable

The Chinese yuan went beyond 7 against the US dollar on Monday, causing quite a stir. But it is actually nothing more than a normal daily trading fluctuation and does not deserve over-interpretation.

Cartoon

US should heed the lessons of history

On Thursday, the day after the 12th round of trade talks concluded on a "constructive" note, according to US negotiators, the US leader threatened to levy 10 percent additional duties on another $300 billion of Chinese goods starting Sept 1, breaking the promise that it would not impose further tariffs on Chinese imports.