Weak domestic demand in the international market and a slowdown in China's economic growth have led to overcapacity in China's coal industry. To cut excess capacity, the Chinese government announced that it will close 1,000 coal mines in 2016, with a combined capacity of 60 million tons. According to the plan, the total coal production capacity will be reduced by 500 million tons in the next 3 to 5 years. China's production capacity in the coal, steel and cement industries far exceeds demand. The European economic community is concerned about China's overcapacity.
French media headlines
"Echo": China's overcapacity makes the world worry
The European Union Chamber of Commerce in Beijing warns of overcapacity in China. China's output in steel, cement and other fields far exceeds world demand. The central government has not succeeded in ordering local governments to close enough surplus capacity factories.
"Le Figaro": Hollande acknowledges the impact of nuclear tests on Polynesia
The French President stated that he would like to re-examine the issue of victim compensation for nuclear tests conducted near the Polynesian Islands between 1966 and 1996. He acknowledged the impact of nuclear testing on the environment and human health. Without Polynesia, France will not be able to possess nuclear deterrent power.
Tribune: Oil, is 2017 a year of return to equilibrium?
The International Energy Agency believes that the oil market will return to the corresponding balance of supply and demand in 2017. But oil inventories have hampered a significant rebound in oil prices.
German media headlines
German TV One: China's trade surplus exceeds Germany
According to the calculations released by the Munich Institute of Economics in Germany on February 22, China's current account surplus in 2015 was 293 billion US dollars, surpassing Germany to become the world's number one. Germany's current account surplus is about $280 billion, ranking second. Japan ranked third with a larger gap. In addition to commodity exchanges, the current account balance includes all transfers that occur with foreign countries – from service to development assistance. Germany's current account surplus is roughly equivalent to 8.3% of GDP.
German "Time" Weekly: Bashar al-Assad announced parliamentary elections
Assad announced the holding of a new Syrian parliamentary election on April 13. Last time was in May 2012. The United States and Russia reached an agreement on February 23, announcing that the Syrian ceasefire should take effect from February 27. The US Secretary of State, the Russian President, the German Foreign Minister and the UN Secretary-General all welcomed this agreement. Assad and the opposition must announce whether they agree to a ceasefire by noon on February 26. But the bombing of the "Islamic State" organization and other terrorist organizations will continue.
German "Der Spiegel" Weekly: China plans to close 1,000 coal mines
Weak domestic demand in the international market and a slowdown in China's economic growth have led to overcapacity in China's coal industry. To cut excess capacity, the Chinese government announced that it will close 1,000 coal mines in 2016, with a combined capacity of 60 million tons. According to the plan, the total coal production capacity will be reduced by 500 million tons in the next 3 to 5 years. China's production capacity in the coal, steel and cement industries far exceeds demand. The European economic community is concerned about China's overcapacity.
Japanese media headlines
"Nihon Keizai Shimbun": Japan and South Korea continue to repair relations
After the Japanese and South Korean governments reached an agreement on comfort women at the end of last year, they have been careful to improve bilateral relations. In addition to historical issues, the two sides also lowered their criticisms on the sensitive issue of Takeshima (Korea called Dokdo), and the words were cautious so as not to stimulate domestic public opinion. Although the Japanese government sent government officials to the "Bamboo Island Day" for four consecutive years on February 22, it did not mention the issue of Zhudao to the International Court of Justice. Similarly, although the South Korean government issued a statement condemning the "Bamboo Island Day" campaign, the criticism was lower than in previous years. Recently, Japan and South Korea began to avoid controversy and development, and focused on strengthening security cooperation.
Japan's "Asahi Shimbun": Chinese football super "buy buy"
In the professional football transfer market, several Chinese football clubs purchase high-priced foreign aid. The Super League team spent 310 million euros in the winter transfer market, surpassing the major European leagues and ranking first in the world. In terms of recruiting football talents, the Chinese also "buy" more than just. Jiangsu Suning and Guangzhou Evergrande recently purchased huge amounts of money to buy European stars, and repeatedly updated the Asian team transfer fee record. Under the aid of foreign aid, the Super League team has risen rapidly, and Guangzhou Evergrande won the AFC Champions League twice in the past three years. However, China's national football still has a low performance. Some people are worried that foreign aid will take away the opportunity of Chinese local players and ask the Football Association to limit the number of foreign aid.
Japan's "Yomiuri Shimbun": Japanese banking lending rate is lower
The Bank of Japan’s negative interest rate policy has been implemented for a week. The Bank of Japan’s introduction of a negative interest rate policy is intended to stimulate banks’ loans to businesses by lowering interest rates, thereby stimulating economic activity. In the past week, long-term interest rates have fallen, and negative interest rates have fallen. Bank giants have also lowered mortgage interest rates. The effect of lower interest rates that the Bank of Japan hopes to achieve has begun to appear, but it seems to be seen whether it can produce a significant economic effect.
Western media headlines
Spanish "National": The United States and Russia announced that Syria will cease fire on February 27
The United States and Russia issued a joint statement on February 22, announcing that the Syrian ceasefire agreement took effect at 0:00 local time on February 27. The US State Department announced the news after Obama and Putin reached an agreement on the phone. Syrian President Bashar al-Assad subsequently announced that parliamentary elections will be held on April 13. The ceasefire on February 27 will involve Syrian government forces and their Russian, Iranian and Lebanese allies, as well as parties to the Syrian conflict, such as the opposition parties not classified as terrorist organizations, but terrorist organizations such as the "Islamic State" and the "Salvation Front" will Unaffected, it may continue to launch attacks.
Spain's Abbey newspaper: millions of Syrians return home after waiting for a ceasefire
The co-chairs of the two international Syrian support organizations (ISSG), the United States and Russia, reached an agreement on a ceasefire in Syria and hoped that Syria and the opposition would show their acceptance of the agreement and fulfill their commitments. This is the second attempt by Moscow and Washington to announce a ceasefire at the Munich summit on February 12 but failed to materialize. Millions of Syrians dream of being able to return home after a ceasefire. At present, the Syrian civil war has caused 4.5 million Syrians to become international refugees and another 6.5 million people have been displaced.
Cuba's Gramma: Raul Castro calls on the public to take measures to prevent the spread of Zika virus
Raul Castro, Chairman of the Cuban State Council and Chairman of the Council of Ministers, passed the Gramma newspaper on February 22 and called on the public to take measures to prevent the import and spread of Zika virus. Raul pointed out that Zika virus is mainly transmitted by Aedes mosquito. Since there is no vaccine and effective treatment, the best way is to eliminate mosquitoes and avoid mosquito bites. The party and the government have formulated an action plan to deal with the Zika virus, which is implemented by the Ministry of Health, but the real protagonist of this struggle is the entire people. The military will also dispatch 9,000 active and reservists to participate in the operation.
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