The year 2020 is critical to the 13th Five-Year Plan (2016-20), as China's leadership has pledged to build an all-around well-off society by then. Almost every industry has its own individual (as well as collective) five-year plan with specific objectives and ways to implement it.
President Xi Jinping had China's economic might and trade potential in mind during recent landmark speeches lauding and embracing globalization - but there's another side to the concept, and that involves people.
Whether or not a country's labor market can absorb its rising workforce depends upon the size of its youth cohort. China is a good example of this economic dynamic.
There were many points of interest for Chinese observing the 2016 United States presidential election.
International Women's Day reminds us to reflect on how far we've come and how far we need to go to create a working world where gender equality is the norm.
The world needs as well as expects China to maintain stable growth. And nothing will interrupt China's pursuit of sustained growth. During the just-concluded annual sessions of the country's top legislature and top political advisory body, Chinese leaders reassured the world that China is capable of maintaining a medium-high growth for a long time to come.
Raising the individual income tax threshold is always in the public's interest. But since an indiscriminate increase in the threshold will neither be fair nor serve the purpose of China's tax reforms, the authorities have decided to adopt various exemption standards to ease different income groups' financial burdens.
While some countries blame globalization for their sluggish economies, others remain positive about and ready to explore business opportunities offered by free trade. Saudi Arabia belongs to the second group and is eager to continue reaping the fruits of globalization.
Mobile phone users in China will not have to pay roaming charges while travelling within the Chinese mainland from October and people in European Union member countries will start enjoying the same concession within the union from mid-June.
With US Secretary of State Rex Tiller son's first visit to China drawing near, hopes are high that the high-level dialogue between the world's two largest economies will produce positive results and send a reassuring signal to the outside world that China and the United States will try their best to avoid conflicts and build more common ground.
When asked about how the government will deal with ever-worsening smog at a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, the top legislature, Premier Li Keqiang faced up to the severe environmental challenge China faces, saying the country should transform its development mode so that blue sky will not be a luxury.
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