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China should play bigger role in joint efforts by major powers to reform the global financial apparatus.
In mid-April, when the government started taking stiff, unprecedented measures to prick the housing bubble, quite a few domestic lenders put up a brave front claiming they could stoutly bear even a 30-percent decline in property prices.
The chances of a Greek-style debt crisis unfolding in China appears remote in spite of the burgeoning local debt, but risks from the surge will test the nation's financial health over the next few years, experts said on Wednesday.
Fresh pressure from US politicians to expedite the yuan's revaluation only exposes their misplaced belief that an increase in the Chinese currency's exchange rate is the panacea for all their domestic economic ills.
If a house needs to be demolished for public interest and the compensation paid is in accordance with the State policy and relevant rules, any person resisting it by force would be violating the law.
China's economy will more likely to be hard hit than Japan owing to its current core competitiveness in the manufacturing industry, export sector and international balance of payments as none of it is comparable with that of Japan during the Plaza Accord.
China has become the world's second-largest consumer of high-end fashion, accessories and luxury goods, according to the Chinese Academy of Social Sciences.
Publishing the country's first Internet white paper is a good way of sharing with the world the government's views on the Internet.
China's economic planners have criti-cized some media reports for stoking inflation fears. But criticisms have not prevented the consumer price index (CPI) from crossing the government-targeted 3 percent ceiling for the year.
Kazakh President Nursultan Nazarbayev and Chinese President Hu Jintao's agreement to deepen cooperation between China and Kazakhstan is a clear manifestation that the strategic partnership between the countries is working.
Speculators aren't alone in pocketing fat profits from China's agricultural sector. Foreign private-equity (PE) investors have sniffed out lucrative business opportunities in the country's agricultural logistics industry.
Foxconn and Honda's recent decisions to raise the wages of employees at their plants in Shenzhen and Foshan, respectively, have drawn wide attention and coverage from foreign media.
