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By Ye JunSome of the best things in life don’t happen until you grow old enough to recognize them. Ican say that about tea. I didn’t start to drink tea until I was 35. What happened before that? Well, it simply didn...
By Chris Peterson Lots of shiny cars and a free lunch – not bad for my first days in the Chinese capital Well, here I am. You can read all the books, newspaper articles or travel advice in the world, but nothing really prepares you for the sheer size of Beijing. I’ve wanted to visit the Chinese capital ever since I lived in...
Domestic feature film “Chongqing Hotpot” topped China’s box office in the week ending April 10, according to China Film News. The film, a heist drama about the events that lead to four friends robbing a bank, raked in nearly 172 million yuan (26.5 million U.S. dollars) during the week, bringing its total ticket sales to 312...
The country’s GDP growth in the first quarter did not continue to fall at a worrisome speed. The 6.7 percent year-on-year figure was lower by only 0.1 percentage point than the fourth quarter of last year. But GDP is not the only thing to consider, said Sheng Laiyun, spokesman for the National Bureau of Statistics. The economy showed...
China’s outbound investment is expected to continue to grow at an impressive rate of over 10 percent, and maintain this momentum for the next five years with the continuous promotion of the “Go Global” policy and the gradual implementation of the national strategies of the Belt and Road initiative as well as “Made in...
China has widened the scope of its anti-pollution efforts to include soil pollution for the first time. A specific plan of action for the prevention and control of soil pollution will come into force during the period of the 13th Five-Year Plan (2016-20), and the nation’s first specific national law on the control and prevention of soil...
China’s ongoing move to replace business tax with value-added tax is expected to expand into three crucial sectors this year — real estate, finance and consumer services. The State Council announced on Friday that the expansion should be completed by May 1st. A pilot scheme to convert business tax to value-added tax began in 2012,...
A key component of China’s first fourth-generation nuclear energy system was installed in a plant in Shandong Province on Sunday. The pressure vessel of a high-temperature gas-cooled reactor (HTGR) was put in place at the Huaneng Shidao Bay nuclear power plant. The cylindrical vessel, 25 meters high and weighing 610 tons, is the biggest,...
China and Germany are planning a huge trade and logistics park in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. Urumqi Economic and Technological Development Zone (UETDZ) and the port of Duisburg will build a trade and logistics park close to Urumqi West Railway Station with a core area of 2.2 square kilometers,...
The China Insurance Regulatory Commission Yuan Xucheng, a director under the China Insurance Regulatory Commission, says the halt aims to improve the country’s insurance industry. “In China, social security coverage is very inadequate. So we should invest more time, efforts and capital in social security items on top of the basic...
