Homepage | Monday, July 20, 2015
President Xi stresses strict management of troops
The Chinese President has called for strict management and training of the army to adapt to new situations and tasks. This came during Saturday´s visit to the 16th Army Group in Jilin province.
Xinhua Insight: Punishing law-breaking lawyers demonstrates rule of law resolve
Chinese law experts praised the Ministry of Public Security´s recent move to place nine lawyers under ´coercive measures´ for alleged crimes as a sign of its determination to advance the rule of law.
Saudi-backed troops ´fail to take downtown Aden´
Military officials and Shi´ite rebels say Saudi-backed Yemeni troops and resistance fighters have failed to take control of downtown Aden after intense fighting.
China »
China´s economic growth outlook still promising
Chinese President Xi Jinping has reassured local governments that the economy still enjoys a promising outlook despite downward growth pressure.
China´s defense minister calls for strengthened coastal defense
China´s Defense Minister Chang Wanquan said on Sunday that efforts should be made to boost development of the nation´s coastal defense. Chang made the remarks at a meeting on coastal defense at the Jinan Military Area Command.
Both rainstorm and drought hit China
China´s National Meteorological Center has issued a blue alert for the provinces of Guangdong, Hainan, Yunnan and Hebei, Guangxi Zhuang Autonomous Region, as well as Beijing and Tianjin. In some western areas, like Gansu, Shaanxi, and Sichuan, they warn that the rain may be accompanied by thunder and hailstones in places.
World »
Lifting Iran sanctions to benefit Middle East region
The landmark Iran nuclear deal is expected to change the economic landscape in the Middle East. Previously frozen assets will become available, and Tehran can begin to spend on many things that it desperately needs.
Merkel rules out debt write-off, open to relief
German Chancellor Angela Merkel says Berlin is open to a flexible repayment plan of Greece´s debt. Greece has received some kind of debt relief in recent years including a voluntary debt cut for private creditors, extended maturities and lower interest rates.
Greek banks to open after 3-week shutdown
Greek banks are set to open on Monday after three weeks of shutdown. Banking officials are expecting long queues but no major problems.
Business »
RMB on track to surpass yen and become world´s fourth international currency
The Chinese Renminbi is expected to surpass the Japanese yen and become the world´s fourth international currency in two years. That´s according to the RMB Internationalization Index just released by Renmin University of China.
China gold holdings jump 57% in 6 years
China´s gold reserves stood at over 1,600 tons at the end of June, up 57 percent from six years ago. The figures make China the world´s sixth largest official sector gold holder after the US, Germany, the IMF, Italy and France.
World Bank President: China´s measures reasonable
World Bank President Jim Yong Kim has weighed in on China´s moves to arrest a recent stock market collapse. He said it´s important to recognize that China´s stock exchange is relatively young, only 20 years old.
By stirring up South China Sea, Manila only complicates the matter
Among all claimants of the South China Sea, the Philippines marks a stark contrast with most of the rest by constantly resorting to unilateral moves that have threatened to damage the prospect of a widely-aspired peaceful solution.
HK could be financing platform for "One Belt, One Road," says financial chief
Tsang Chun-wah, financial secretary of the Hong Kong Special Administrative Region (SAR) government, has revealed that Hong Kong should seize the golden opportunity of China´s"One Belt, One Road"strategy in which Hong Kong could become a major financing platform.
Concern over draft law ??ot necessary??/a>
Measure tells the world China has the right to deal with its own network, expert says.