Henry M. Paulson Jr via Caixin | Trade does result in very real and serious job losses, while its benefits are spread more broadly over the entire U.S. economy. Yet many job losses are not a result of trade; they are actually driven by productivity gains related to rapid advancements in technology, a powerful force disrupting labor markets globally and affecting numerous countries, including the U.S. and China.
Caixin | Late summer and early autumn is traditionally a hot season for property sales in China. In 30 major cities, August property sales by floor space increased 27 %year-on-year to 22.9 million square meters, according to E-House China R&D Institute.
By W. Xinyi, L.Rongde and X.Yuanyuan via Caixin | China plans to set up seven new free trade zones, mostly in inland regions, to attract foreign investment amid the national economic slowdown.
Peter Drysdale via Caixin | China has a lead role to play at the Hangzhou G20 meetings on opening up global trade, investment, deeper financial reform
Fan Ruohong and Chen Na via Caixin | Renewable energy accounted for nearly a quarter of China’s power generation last year, even as wind and solar farms with 39 billion kilowatt-hours of capacity sat idle due to poor planning in the rush to meet Beijing’s ambitious green energy targets, the National Energy Administration (NEA) said.
Shi Rui, Wang Luyi, Li Rongde via Caixin | The number of provinces with pension spending deficits doubled over the last year, according to a new report, underscoring the urgency for creating a national system that would let wealthier coastal regions subsidize poorer interior ones. Pension funds in six provinces paid out more money than they collected in 2015, up from three regions a year earlier, according to the 2015 China Social Security Development Report compiled by the Ministry of Human Resources and Social Security.
Hu Shuli via Caixin | Chinese sports fans following the 2016 Summer Olympics in Rio de Janeiro have noticed something different about the latest generation of Olympians representing their country. Today’s young athletes are a lot less inclined to cry if they fail to win a gold medal. It’s a whole new ball game: China has replaced a form of gold-medal worship with true appreciation for athletic endeavors and achievement.
Wang Yuqian via Caixin | It will be another four months before the much-anticipated Shenzhen Hong Kong stock connect system finally goes online and provides another bridge between the mainland and the offshore stock markets. The stock exchanges in Shenzen and Hong Kong jointly made an announcement yesterday, providing investors with some details of how the system is going to work.
Coco Feng via Caixin | Growth in China’s fixed-asset investment from January to July slipped to 8.1 percent, the lowest year-to-date rate in over 16 years, as private companies tightened their purse strings, data from the National Statistics Bureau (NBS) released on August 12 showed.
Ceng Ying via Caixin | Chinese athlete Deng Wei clinched a gold medal in the Olympic women’s weight-lifting competition on August 11, winning fame and, likely, some financial security. But the price paid by this 23-year old from an impoverished village in western part of Fujian province was a steep one, as it is with many athletes.