"The main task for China in the next decade would be the transformation of the growth model. It is still in the very early stage, but the Chinese have shown great capability to make such transitions," Ben Bernanke, former chairman of the United States Federal Reserve, said at the World Business Forum in Hong Kong on Tuesday.
China signed its largest bilateral free trade agreement in terms of volume on Monday, with close neighbor South Korea.
Medical and cosmetic surgery services from South Korea are expected to become more widely available in China as a result of the bilateral free trade agreement signed on Monday.
About 151 years ago, it was the British who built the first railway line in China. Now the Chinese want to return the favor by supplying the United Kingdom with state-of-the-art trains that can run on the country's first high-speed rail.
New houses prices in 100 cities edged higher for the first time in four months in May, according to independent research, fueled by a string of policy-easing measures and a flood of investors pulling their cash out of the turbulent stock market.
Share prices recovered on the mainland bourses on Monday after Thursday's sell-off as stable economic data and market-friendly gestures by the People's Bank of China, the central bank, bolstered investor sentiment.
I opened my first ever stock account eight months after I arrived in Hong Kong last August.
"China faces a serious debt problem, especially among non-financial enterprises. If we don't undertake fundamental reform, improve the efficiency of capital and raise profit margins, our debt problem can't be resolved, even by stimulating demand."
Xie Ping has just come back from a driving trip to the Tibet autonomous region and she loved every minute of it.
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Chen Weihua
