Sun. Jan 20th, 2019

Banking

Long way ahead

The quality of medicinal herbs is one of the major concerns in the development of traditional Chinese medicine. Provided To China Daily New report on traditional Chinese medicine sheds light on challenges to its growth in China. Liu Zhihua reports. Last week, the State Council, China’s cabinet, released a five-year plan to promote traditional Chinese medicine, with the aim to boost the presence of traditional Chinese medicine in the country’s healthcare system and also enhance its competence abroad. But, according to a recent survey report published by the Social Science Academic Press (China), it could take longer than the next few years before TCM finds greater acceptance even among Chinese people. The State Council’s roadmap for TCM was out on May 7. In the survey, only 29 percent of the respondents in Beijing said that they sought medical help from TCM practitioners often, and 67.8 percent said that they seldom resorted to TCM healthcare services, while 3.2 percent never used such treatments, according to Blue Book of TCM Culture: Report on TCM Culture Communication Development of Beijing 2015.

Xi, Chu stress shared destiny

General Secretary of the Communist Party of China’s Central Committee Xi Jinping and Kuomintang Chairman Eric Chu shake hands at the Great Hall of the People in Beijing on Monday. [Photo by SHENG JIAPENG / CNS] // <![CDATA[ document.domain = “chinadaily.com.cn”; // ]]>// <![CDATA[ var _gaq = _gaq || []; _gaq.push([‘_setAccount’, ‘UA-28295596-1’]); _gaq.push([‘_setDomainName’, ‘chinadaily.com.cn’]); _gaq.push([‘_trackPageview’]);</p> (function() { var ga = document.createElement(‘script’); ga.type = ‘text/javascript’; ga.async = true; ga.src = (‘https:’ == document.location.protocol ? ‘https://ssl’ : ‘http://www’) + ‘.google-analytics.com/ga.js’; var s = document.getElementsByTagName(‘script’)[0]; s.parentNode.insertBefore(ga, s); })(); // ]]> Leaders emphasize importance of One China Principle at ‘historic meeting’ Both sides of the Taiwan Straits should build a community of shared destiny and settle political differences through consultation as equals, Xi Jinping, general secretary of the Communist Party of China’s Central Committee, said on Monday

Abe betrays history’s conscience

Japanese Prime Minister Shinzo Abe holds his text as he addresses a joint meeting of the US Congress on Capitol Hill in Washington, April 29, 2015. [Photo/Agencies]To many who want right-wing Japanese Prime Minister Shinzo Abe to clarify his views on history and apologize for the Japanese military’s atrocities during World War II, his address to a joint session of the US Congress on Wednesday came as a huge disappointment.

Clearing a path for FDI

A United States manufacturer displays its electronic security products at the China Import and Export Fair which opened on Oct 15, 2014 in Guangzhou, Guangdong province. [Provided to China Daily]China’s service sector will attract more foreign direct investment than other industries over the next decade, as the country will open new market channels for investors to firm up economic growth under the new normal development model.

World Bank welcomes AIIB

Jim Yong Kim, World Bank Group President The World Bank will collaborate with the Asian Infrastructure Investment Bank (AIIB) in solving world poverty, World Bank Group President Jim Yong Kim said on Tuesday. “The fundamental issue for us is, the enemy cannot be other institutions; the enemy has to be the poverty,” Kim said at the Center for Strategic and International Studies in Washington in advance of the World Bank/IMF spring meetings. Kim dismissed the notion that the AIIB would challenge to the US-dominated World Bank, saying it has been clear that “this is not a competition, but cooperation, and we have already cooperated in many joint projects”. The AIIB, which was initiated by Chinese President Xi Jinping, has had around 50 countries applying to be founding members by the March 31 deadline. Included are key US allies such as Great Britain, France, Germany and Italy. Former US Secretary of State Madeleine Albright said previously that the US “miscalculated” in not seeking membership in the AIIB

China still No 1 for US adoptions

Source: US State Department [Sean Doyle/China Daily]China remains the most popular country for American parents to adopt a child, with 2,040 adoptions last year, according to US State Department figures released on Wednesday. The report shows that adoptions of foreign children by Americans dropped by 9 percent in the fiscal year 2014 that ended Sept 30 to the lowest level since 1982 – 6,441

US struggles to keep stance as allies join AIIB

XAN SABARÍS / CHINA DAILY The United States does not appear to have changed its mind on obstructing the Asia Infrastructure Investment Bank after several of its European allies decided to join the bank as founding members. US Secretary of Treasury Jack Lew said Tuesday that the US was not opposed to the creation of the AIIB. “There are obviously vast needs in Asia and many parts of the world for infrastructure investment,” he told a congressional hearing on the status of the international financial system