trying to emulate the impressive growth of developing economies before them. An underperformi
ng global economy, and rising national and international tensions, will make that task even harder. If th
e world is serious about reducing poverty further, it must pay far more attention to their progress.
he US has repeatedly threatened to impose tariffs on about $300 billion of Chinese ex
ports to the United States. China showed the greatest sincerity in the Sino-US trade
talks and refused wild demands by the US side, said Foreign Ministry spokesman Geng Shuang on Tuesday.
China has become the most popular investment destination for global companies, since the country launched its reform and opening-up policy, said Geng Shuang.
The companies will choose which countries to invest in, or which partners to coope
rate with based on their interests and market rules. No words can influence them, Geng said.
China welcomes foreign companies to increase investment in the country, and the country will continue gi
ving efforts to create a more stable, fair, transparent and predictable business environment for foreign investors, said Geng.
ered on consensus, social harmony, stability and discipline, are more important and rel
evant than ever in the face of challenges－such as protectionism and terrorism－confronting the world today.
Joefe Santarita, dean of the Asian Center at the University of the Philippines, said Asian values promote consensual approach and communitari
anism rather than individualism, and they prioritize social order and harmony as well as respect for elders, discipline and a pate
rnalistic state along with the primary role of government in economic development.
“Asian values are the salient ingredients on how to learn to work tog
ether through trust and consequently promote globalization,” Santarita told China Da
ily. He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.
“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied
in the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in com
mercial partnerships and international trading systems for centuries,” he said.
Hotels in Shanghai will no longer automatically provide disposable daily necessities such as toothbrush, comb and shaver f
rom July 1 as a regulation on household waste will come into effect in the city on the day, People’s Daily reported.
Around 4.8 billion guests booked into 440,000 hotels in China in 2017, as per data. More than 70 percent o
f soaps are thrown away after being used once, a survey shows. Calculated by weight, each hotel t
hrows away 2.5 kg disposable soaps every day and 440,000 hotels would throw away more than 400,000 tons
of soaps every year. If each ton of soaps costs 20,000 yuan, that would be 8 billion yuan worth of soap.
Apart from soap, toothpaste, toothbrush, comb, shampoo and bath foam are often discarded
after one-time use. It’s not only a waste of money, but also a burden for environment as many articles are non-degradable.