China's shadow banking system, including its distinct interbank business, poses a big potential risk to its financial system, which, along with the real estate bubbles and the colossal local government debts, means the country's financial situation is very complicated.
Financial reform is never easy. That has only been made more obvious by the relaunch of IPOs.
The severest ever smog that has shrouded most of North China and some parts of East China since Thursday is expected to last a week; an unwelcome reminder of the scale of the task the country faces in tackling all kinds of pollution.
According to the White House, US President Barack Obama met with the Dalai Lama on Friday and expressed his support for the monk's "middle way" approach.
The US Federal Reserve has begun tapering its quantitative easing policy. The Fed started "tapering" or paring its bond buying in December and cut its monthly bond purchases further in January to $65 billion.
The final report of the Commission of Inquiry on Human Rights in the Democratic People's Republic of Korea, issued on Feb 17, says mass crimes against humanity are being committed in the country. The UN-mandated COI report on the DPRK has evoked reactions from many countries.
Nearly 2.5 billion people - half the world's adult population - lack one of the most basic amenities of modern life: a bank account. These people are among the world's poorest, struggling to obtain the money they need to feed their families or start a business and create jobs.
Despite the challenges and uncertainties that lie ahead, this year is expected to be better than 2013 for imports and exports
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