NUMBERS

正1.98 mln units China’s auto production in May,down 4.4 percent from April6 mln Number of highemission vehicles that China plans to remove from roads in 2014 to reduce pollution3.85 mln tons Amount of carbon emission quotas that     

Beijing Embraces APEC 2014

正On November 5-11,China hosts in Beijing the 2014 APEC Economic Leaders’Week,including the Concluding Senior Offi cials’Meeting,the 26th APEC Ministerial Meeting,and the 22nd APEC Economic Leaders’Meeting.During the Leaders’Week,China also hosts the APEC CEO Summit,APEC Business Advisory Council Dialogue with Leaders,and Leaders’spouse programs.     

Shanghai–Asia's City of Style

正AT Paris Fashion Week Fall/Winter 2014-2015 in March,Chinese celebrities fitted out in gorgeous gowns featuring Eastern fashion styles attracted much kudos.As China advances further onto the world stage,Shanghai is leading the fashion charge.U.S.-based Global     

Sino-Swiss FTA Pushes Bilateral Relations to New Heights

正CHINA and Switzerland signed in July 2013 the Free Trade Agreement(FTA)in Beijing,so marking the culmination of more than two years of negotiations and legal processes.The f irst free trade pact between China and a country in continental Europe,the agreement came officially into effect on July 1,2014.China Today held an exclusive interview with David Braun,head of the Economic,Financial and Commercial Section of the Embassy of Switzerland in China,to discuss the FTA in greater depth.China Today:What is the signif icance of the FTA for     

A Change of Game Plan

正The low-price strategy is losing ground in China’s home appliance market while industrial upgrade offers the only way out By Zhou XiaoyanAt midnight on April 14,over 2,000 an-gry workers of Galanz Group,a homeappliance maker,violently smashedeverything in the canteen,workers’dormitory,production lines and supermarkets in a Galanz     

INFORMATION

正Business Lunch at Barolo For a tasty change of pace during your busy day,why not stop by and enjoy a leisurely lunch at our snazzy eatery Barolo?It’s the perfect place to meet with friends,work colleagues and business associates.Whet your midday appetite with our traditional antipasto buffet,followed by a main course of your choice from the selection of     

China's CSR on the Global Market Fast Track——An Interview with Xu Zongxiang,vice president of China South Locomotive & Rolling Stock Corporation Limited(CSR)

正IN mid-December,the last round of procurements of tramcars and subway trains in China’s mainland for 2013 was completed alongside the release of the bid result for trains for the northern extension of Shanghai Metro’s Line 11.China South LocomotiveRolling Stock Corporation Limited(CSR),the larg-     

Economic Transformation through Industrial Restructuring

ON the morning of November 24,2013,the Hebei provincial government took action to demolish 10 shaft furnaces and 16 converters at eight steel and iron plants in Tangshan,Handan and Chengde,reducing the overcapacity of iron production by 4.56 million tons and steel production by 6.8 million tons.Prior to this,by the end of October 2013,the province had cut down on steel and iron overcapacity by 2.38 million tons.Steel and iron has long been a pillar industry for the Chinese economy;however,it has become common practice to cut down overcapacity of the industry.The government work report released at the First Session of the 12th National People’s Congress explicitly stated that efforts should be made to promote the transformation of the nation’s economic growth mode and accelerate industrial restructuring.Structural adjustment to the steel and iron industry now epitomizes China’s wider economic transformation.     

Government Consults Legal Counsel

正Various departments hire advisors to ensure rule of law By Wang Hairong Guo Xiaomin,deputy chief of Chongchuan District of Nantong,east China’s Jiangsu Province,has formed a habit of consulting the district government’s legal advisor before approving documents.     

Stemming the Slump

正In a bid to boost the sagging housing market,China has relaxed lending rules for home buyers By Zhou XiaoyanWang xingli is a realtor in Beijing.Instead of resting during the seven-day National Day holiday(October 1-7),he followed a jam-packed schedule spent bustling     

Eradicating The Sex Trade

正China launched a nationwide crackdown on prostitution A crackdown on prostitution swept over China in February.The operation,which began in Dongguan,a city in south China’s Guangdong Province known for its rampant sex service industry,came following an exposéby state broadcaster China Central Television(CCTV)that aired on February 9.An undercover journalist videotaped"beauty pageants"in Dongguan with a hidden-camera,featuring prostitutes and strippers in some of the city’s hotels and karaoke clubs.     

Will China Overtake the U.S. This Year?

正THE 2011 International Comparison Program(ICP)released by the World Bank in April indicates that China may surpass the U.S.this year as the country with the highest GDP,based on calculations derived from purchasing power parity(PPP).The news immediately gained worldwide attention,especially in major Western media.However,the Chinese government     

Justice for Juveniles

正Scholars call for a distinct juvenile justice system to increase delinquents’chances of rehabilitation The brutality committed by a 10-yearold girl in southwest China’s Chongqing Municipality that was captured on a surveillance camera shocked the country late last year.On the afternoon of November 25,2013,the girl entered an elevator and unexpectedly picked up a one-and-half-year-old boy when he went following his grandmother and was left.In the video footage shot by the     

Try Sea Cucumbers at Our Mouthwatering Seafood Buffet

正From Monday to Thursday in the Orchid Terrace Caféin Hotel New Otani Chang Fu Gong Beijing,we welcome you to enjoy our seafood buf et dinner,which includes red frog crabs,snow crabs,whelks,Argentine red shrimps,salmon sashimi,white tuna sashimi and     

Getting Prepared for the Asia Region Funds Passport

正Financial cooperation is essential to the integration of Asian economies.To reinforce such cooperation,the key is to coordinate existing financial resources in Asia.Therefore,expanding the scope of the Asia Region Funds Passport(ARFP)is an important step[Note:The Asia Region Funds Passport is an initiative put forth at the APEC Finance Ministers’meeting held in September 2013 in Bali,Indonesia].Recently,progress has been made in the mutual recognition of regional funds     

A Young Arab＇s Dream：Prosperity in China

正AT the opening ceremony of the Sixth Ministerial Conference of the China-Arab States Cooperation Forum last June,President Xi Jinping mentioned a Jordanian businessman who settled in Yiwu,a coastal city in Zhejiang Province."The rapid development of relations between China and Arab countries drew their peoples together,"Xi remarked."There is a Jordanian,Muhannad,in Yiwu where Arabic businesspeople congregate.He set up an Arabic restaurant,and prospered along with the city.He has since married a Chinese woman and settled in China.An ordinary young Arab,weav-     

Facebook CEO Charms Chinese Audiences

正ON October 23,a Chinese audience was astonished and delighted to hear Facebook founder and CEO Mark Zuckerberg answer their questions in Mandarin.A video of the event,posted on Facebook and China’s Wechat,quickly became a hit on social media,     

TRUST ISSUES

正China resolves to stringently enforce its anti-monopoly law,no matter the origin ofthe offendeAs China continues to launch wave after wave of anti-trust probes in a broad range of industries covering all types of businesses—state-owned enterprises(SOEs),private businesses and foreign-funded firms,concerns that foreign businesses have been     

September Vegetarian Menu at Yipin Chinese Restaurant

正Master Chef Oscar Jiang has prepared a special autumn vegetable-based menu dedicated to vegetarian guests.This harvest season,our chef’s cre-ations create the perfect combination of healthy and tasty.Don’t miss out on this unique vegetarian menu!Price is in renminbi and subject to 15%surcharge.Yipin Chinese Restaurant A small boutique restaurant boasting four private rooms for exclusive dinners and an open dining area,Yipin blends an intimate high-end atmo-     

Five Principles Guide International Relations

正A commemoration marking the 60th anniversary of the Five Principles of Peaceful Coexistence was held in Beijing on June 28.Representatives from China,Myanmar and India attended the event.The Five Principles include mutual respect for sovereignty and territorial integrity,mutual non-aggression,non-in-terference in each other’s internal affairs,equality and mutual benefits,and peaceful coexistence.Chinese President Xi Jinping made a keynote speech,pledging