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East Asia
19th CPC National Congress to have profound influence on world
A former French prime minister said the 19th National Congress of Communist Party of China (CPC)will have a profound influence on the world. “It is going to be a very important meeting, and China is a country of great significance,” Jean-Pierre Raffarin said in an interview with People’s Daily, adding…
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East Asia
551 female delegates to contribute political wisdom at upcoming CPC National Congress
A total of 551 female delegates have been elected to the 19th National Congress of the Communist Party of China (CPC) to be started on October 18th in Beijing, accounting for 24.1% of the total 2,287 representatives. The ratio is 1.1 percentage points higher than the figure 5 years ago…
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East Asia
IMF Chief: “Next Zuckerberg might come from China”
The sun is shining a lot better and under broad basis, that means the economy is recovery, IMF Managing Director Christine Lagarde said during IMF/World Bank annual meetings in Washington D.C. “The finance ministers and the leaders should inspect the roof now, because it’s much easier to fix the roof…
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East Asia
Future cloud computing will be a game between China, US: Alibaba
The global cloud computing sector in the future will be a game between China and the US, a chief of Chinese internet giant Alibaba said Thursday at a conference. In the next 6 to 12 months, Alibaba Cloud, the subsidiary of Alibaba Group, will face the same difficulties and challenges…
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East Asia
China’s efforts on IP protection visualizes bright future for foreign companies
Not long ago, the US chipmaker Qualcomm Inc set up a joint venture with an initial 1.85 billion yuan (280 million U.S.dollars), in Guizhou Province in southwest China, partnering with the provincial government for the design, development and sale of advanced server chipset technology. Now its Senior Vice-president Mark Snyder,…
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East Asia
Forbidden City closes down ticket windows after 92 years, only to sell tickets online
One of the most tourism sites in China, the Palace Museum, or Forbidden City will close its ticket windows, and all 80,000 tickets will be sold only online from Tuesday. Visitors can log onto the official website of the museum or scan the QR code for a ticket, which means…
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World puts bullish bet on Chinese economy
With a strong development momentum, the Chinese economy contributes a lot to the global economic growth, Maurice Obstfeld, chief economist at the International Monetary Fund (IMF) gave his thumbs up to Chinese economy. In its latest World Economic Outlook released Tuesday, the IMF expected the Chinese economy to grow 6.8…
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Chinese fever indicates bullish bet on China’s future development
Kensington Wade, the first dual language English-Chinese prep school in Europe, recently opened in London. Epitomizing “Chinese fever” among people around the world, it indicates their bullish bet on China’s future development. The school aroused wide media attention after enrollment of its first 15 pupils from Europe, the US and…
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China’s Engel’s coefficient close to UN well-off line
China’s Engel’s coefficient, which measures food expenditure as a proportion of total household spending, has approached the well-off line set by the UN, and such changes have even benefited the European market. China’s Engel’s coefficient in 2016 stood at 30.1%, close to the well-off line of 20 to 30 percent…
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