Economists are divided over China's economic future. Optimists emphasize its capacity for learning and rapid accumulation of human capital. Pessimists focus on the rapid decline of its demographic dividend, its high debt-to-GDP ratio, the contraction of its export markets, and its industrial overcapacity. But both groups neglect a more fundamental determinant of China's economic prospects: the world order.
The recent interference of the United States and Japan in the South China Sea disputes has heightened tensions in the region.
Of late, woman drivers have been drawing increasing public attention, and given their gender bias, some people even consider woman drivers "killers behind wheels".
What a difference 20 years make.
A wave of credit downgrades is expected to hit corporate bond issuers as a slowing economy weighs on their finances.
France-based Choice Genetics SAS, a leading global swine genetics and breeding company, will set up a subsidiary in China.
Private equity and venture capital investment in China's telecommunications, media and technology industry, or TMT, reached a historic high of $15.9 billion in 2014, and the trend is likely to continue this year, said an industry report.
Nasdaq-listed Sino Mercury Acquisition Corp is seeking financial assets in China and aims to become an Internet-based financial holding group with annual transaction volume of about 50 billion yuan ($8 billion) in 2020, Chief Executive Officer Jimmy Hao told China Daily.
The rules covering investors' use of margin trading and short selling were relaxed on Friday in a draft document released by the China Securities Regulatory Commission.
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