BEIJING – Premier Wen Jiabao’s latest pledge to narrow the income gap comes at the most appropriate time, top legislators and advisors said.
The emphasis on fighting income disparity as well as raising social welfare and rural services is a direct response to the most pressing issues facing the country today, they said.
“We will not only [...]

As the textbooks say, money is a means of exchange, a unit of account and a store of value. When we discuss foreign exchange rates, we mean the value of our currency against a foreign benchmark. Since there are many such benchmarks or standards, we use the most common one, which is the US dollar. [...]

Editor’s note: The author argues during two sessions, the media should responsibly focus their spotlight on the really serious issues instead of chasing celebrities,like Liu Xiang.
The annual sessions of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) now going on in Beijing are important events for lawmakers and advisers to [...]