What are the major contradictions facing China in its economic transformation and operation? Are these contradictions cyclical or structural in nature?
China's property market showed restraint after growing strongly last year. Accelerating home sales and rising property prices triggered fears of an asset bubble forming. As a result, cooling measures were implemented in October, characterized by city-specific rules targeted mostly at tier-1 and overheated tier-2 cities.
China has made notable progress in the use of renewable energy. By the end of last year, China had installed 149 gigawatts of wind-power and 77 gigawatts of photovoltaic power. The corresponding figures for 2011 were just 46 gigawatts and 2 gigawatts.
The European Commission released a white paper about the future of Europe last week, through which it aims to trigger a full range of bottom-up debates on social, defense, finance and monetary issues that will define the 28-member bloc's destiny after the United Kingdom leaves it.
In the Government Work Report he delivered to the fifth plenary session of the 12th National People's Congress on Sunday, Premier Li Keqiang said that calls for "Hong Kong independence" will "lead nowhere".
Due to the different development levels of various regions, there exist huge differences in the public services people can access, with those in economically developed regions enjoying more and better public services than those in less developed regions.
HOW TO FURTHER BOOST THE REAL ECONOMY? Fu Chengyu and Li Daokui, two members of the 12th National Committee of the Chinese People's Political Consultative Conference, the nation's top political advisory body, said at its ongoing fifth plenary session that the country must end the speculation of the financial sector so that funds go back to the real economy. Beijing Youth Daily comments:
A DIGITAL VERSION of the 2017 Government Work Report, which was delivered by Premier Li Keqiang to the fifth plenary session of the 12th National People's Congress, the nation's top legislature, on Sunday, could be accessed for the first time by scanning a QR code on the report's first page. Beijing News commented on Monday:
A 17-YEAR-OLD MALE passenger on a subway train verbally abused two young women trying to persuade him to scan a Quick Response code. The police later caught the youth involved. Beijing Youth Daily commented on Monday:
For those who monitor the Chinese economy, it is not surprising that its growth rate has slowed in recent years, given its restructuring and reform efforts, and the difficult external economic environment.
China is willing to join hands with other countries to build a new type of international relations with win-win cooperation at the core, Premier Li Keqiang said in the Government Work Report he delivered on Sunday.
THE LOW BIRTH RATE has been a focus for discussions at the ongoing annual sessions of the National People's Congress, the nation's top legislature, and the National Committee of the Chinese People's Political Consultative Conference, the nation's top political advisory body. Liu Dajun, a CPPCC National Committee member, has suggested offering subsidies to encourage couples to have a second child. Beijing News comments:
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