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Xiao Gang, chairman of Bank of China, says the Chinese banking industry should continue to reform and develop with Chinese characteristics while strengthening partnerships with leading international banks to grow together.

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Nobel prize winner and former US vice president Al Gore was certainly clear about his passion for reducing greenhouse gases when he addressed global business leaders at the recent World Business Summit on Climate Change.

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Chinese banks are now stepping into the premium wealth management market as parent companies of foreign banks grapple with the global meltdown.

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China's reform challenges are larger than most other countries, reflecting its rapid transition from a planned economy and in its aging population, said Stephen Joske, director of China Forecasting Service, Economist Intelligence Unit, the UK-based Economist Group.

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China's first extreme sports park, with facilities for skateboarding, BMX and motocross, is scheduled to open to the public in Beijing's Daxing district next month. Built with a government investment of $21.96 million, the park includes a skateboarding half-pipe.

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The China Puppet Theater did not have lofty ambitions before September 2006, when the former government-supported work unit - with a history of more than 50 years - became an independent joint venture.

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He was the first Chinese to hold a solo nature photo exhibition at the New York headquarters of the United Nations and the only recipient from the Asia-Pacific region or a developing nation to receive the title "Climate Hero".

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For two Chinese makers of baby carriages, the business of designing and producing strollers is far from child's play, especially if one copies the patents of the other.

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Though from the Chinese mainland, Liu Gengxiong now lives in France and works as a red wine trading agent at the center of the wine world.

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The securities regulator appears to have lifted a nine-month ban on initial public offerings, or IPOs, by reportedly approving the listing of a medium-sized drug firm.

A sweeping plan for financial regulation unveiled last week by US President Barack Obama will offer better protection to China's investments in that country, said Zhao Xijun, a professor at Renmin University of China.

(China Daily 06/22/2009 page1)