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Three recent items of news deserve attention. First, revisions to the budget law were passed late last month. Second, in a speech this month marking the 60th anniversary of the founding of the National People's Congress, Party General Secretary Xi Jinping called for "governance in accordance with the constitution" and pledged to build a government based on rule of law. Third,
The disappearance of tennis star Peng Shuai this month has led many around the world to question the holding of the 2022 Winter Olympics in Beijing. The Games are scheduled to begin February 4. It is now time for the world to face the reality of the
The prevailing mood among China-watchers in 2014 was one of anxiety and skepticism. The year began in the shadow of Chinese assertiveness in the East and South China Seas. Economic concerns quickly took over: by February the property market seemed on the verge of an epic collapse thanks to the previous year’s sharp monetary tightening. At midyear the worry was that an endless
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in losses on China’s leading bourse since its June peak. Analysts watching a resulting global sell-off are debating whether it is a
LI MIN/CHINA DAILY In a world where political forces change continuously, with right-wing, centrist and left-wing parties around the world contesting elections to govern their countries and major swings in the electors' preferences, the Communist Party of China, which is celebrating the centenary of its founding, stands out in stark contrast for its continuity. This is one of the most important achievements of the CPC, an institutional achievement that goes hand in hand with the social and economic achievements that it has made in its 100-year history including implementing land reforms t...