Big-ticket infrastructure projects have often been the preferred calling card for Chinese companies in overseas markets such as Africa. But with Africa entering a new round of development, many Chinese companies are changing tack and looking to participate in more developmental and societal projects.
Zheng Gang's first business deal was collecting scattered rice-field eels from villagers, selling them to the market and earning the price difference. He was 8 years old.
At a time when foreign automakers are planning to further consolidate their presence in China, their Chinese counterparts are looking to boost exports to newer destinations such as Africa and Russia this year.
Although urbanization has been an essential ingredient in China's growth and development over the past 30 years, the transformation to a predominantly city-based nation brings with it societal ramifications and financial implications.
A new round of cooperation on intellectual property between China and the European Union was launched on Jan 16.
Two brands of traditional Chinese medicine with a common origin are headed to court over a trademark dispute.
The economy grew more balanced last year, with the service sector and inland regions playing a bigger role and the urban-rural income gap narrowing, as the government worked to improve the quality of growth.
Although 2013 turned out better than expected in many ways, risks still overhang the Chinese economy, with analysts warning that investment-driven growth can't be sustained indefinitely.
China's Gini coefficient index declined for the fifth consecutive year in 2013 to reach 0.473, according to figures disclosed by the National Bureau of Statistics on Monday.
Although China has shown remarkable determination and skill in organizing and deploying resources to meet key objectives, there are still significant barriers that continue to limit its people's creative capacity. Critics of China's patent process point out that below-par standards, poorly designed incentives and a focus on quantity over quality have created a system in which "patents are easy to file, but gems are hard to find". Some of China's brightest minds, such as ex-Google China chief Lee Kai-Fu, note that China's educational system trains its students to be very good at rote learning but "doesn't make them creative, original thinkers". Others point out that Internet censorship and a lack of cultural diversity creates an overwhelmingly homogeneous environment that isn't conducive to creative thinking.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
