"Lower your leg, please," Wang Yumei gently said before helping her student Liang Xiaoju adjust her leg on a bar in a spacious room in the Chengdu School of Culture and Art in the western suburbs of the capital of Sichuan province.
These veteran outbound Chinese tourists are not just satisfied with "shoot-and-go" sightseeing tours. Instead, because they can afford to, they prefer the exotic experience of traveling all by themselves or only with friends and families.
In 2013, the number of outbound Chinese tourists reached 97.3 million person-times, a 20 percent rise than 2012. It is estimated it will reach 116 million person-times, according to China National Tourism Administration.
The Bretton Woods system was born 70 years ago and died 44 years ago - too short a life. Nonetheless, in the post-Bretton Woods era, the world has enjoyed the benefits of floating exchange rates, but it has also experienced panics, such as the Mexican and Asian financial crises, the collapse of the dotcom bubble and the 2008 global financial crisis.
The nation will draw practical lessons from the development of the China (Shanghai) Pilot Free Trade Zone to reduce limits on foreign capital in the service and manufacturing sectors, senior government officials said.
"By opening a free trade account at our FTZ branch to utilize our overseas financing channels, our clients have lowered their borrowing costs by up to 20 percent."
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
