With the recent stock market rout, unimpressive growth data, and yuan devaluation against the US dollar, the Chinese economy seems to be in a particularly difficult stage.
Anyone even marginally involved in commodities will be aware that last year's Qingdao port incident had an immense impact on the worldwide financing trade for metals. More than a year after the discovery of large-scale collateral fraud involving warehouse receipts for metal stored at Qingdao port in Shandong province, which had been pledged multiple times as collateral to raise finance, Chinese and international banks continue to take a dim view of lending to the copper industry, and the metals sector as a whole.
For many people the words fasting and self-denial conjure up negative images, ones of pallid, listless bodies and of hard-to-bear sacrifice that are out of tune with the zeitgeist of the me generation.
We are in a bustling restaurant in downtown Beijing - or it could be any other Chinese city, town or village, for that matter. This evening the din of chatter mixed with soft music wafts through the warm summer's air, and the preoccupation of almost everyone seems to be matters oral: biting, chewing and swallowing the copious amounts of all kinds of food that has been delivered to their tables.
My stomach was rumbling, and seeking a word of advice from one of my friends seemed like the best move.
The world is awash with diet plans, many with exotic names and all offering advice on how to keep trim, fit and healthy. Among them are detox, Dr Atkins, Dukan, grapefruit, Israeli Army and South Beach, and the list goes on and on. Here are half a dozen that are prevalent on Chinese-language websites:
Fan Zhihong, a nutritionist and a member of the board of directors of the Chinese Nutrition Society, and an associate professor of nutrition and food safety at the China Agricultural University in Beijing, says:
Currency changes to have a limited impact on flow of investments from major economies
The renminbi's depreciation will put short-term pressure on European exports, but will not have a long-term impact, European business leaders and experts said.
Chinese companies will find it harder to repay their existing foreign debt due to the tight conditions in the overseas bond markets and a strengthening of the US dollar, experts said on Thursday.
Asian stocks rose, with the benchmark index climbing from a seven-month low, as China's currency stemmed its plunge after the central bank signaled support.
Sportswear firm benefits from measures to cut expenditure
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
