'Time to face problems' as economy slows

Editor's Note: The official People's Daily newspaper has interviewed an "authoritative insider" who anonymously addressed pressing issues affecting the Chinese economy, while expressing confidence in growth prospects. In a Q&A, the insider advocated that China squarely face up to the economic problems and maintain a strategic focus in the process of restructuring.

Citibank targets wealth builders

Citibank (China) Co Ltd is banking on its growing global presence and experience to provide holistic wealth management services for new wealth builders in China.

Trade ties with South Australia to increase

More premium products and services are expected to flow into the Chinese market, following the signing of several trade agreements between South Australia and Qingdao, a coastal city in Shandong province.

IN BRIEF (Page 6)

Couples with children spend most on overseas online stores

Chinese parents, especially those with children under the age of 6, have become the largest spenders on overseas online stores, according to a survey released by payment service provider PayPal Inc on Friday.

Alibaba sets up bad-loans auction site

Alibaba Group Holding Ltd is creating a new financial business on its online platforms - auctioning off non-performing loans for asset management companies.

Global ambitions leave country short of accounting talent

China is experiencing a shortage of accountants, as more young professionals are sent by employers to work abroad, according to a new report.

Renewables lead peers in sustained employment generation

When it comes to renewable energy, China leads the world in terms of employment with more than 3.4 million jobs out of a global total of 7.7 million, according to a report by the Abu Dhabi-based International Renewable Energy Agency.

'Currency manipulator' an outdated criticism

In a technical decision, but one that may have some political reading, the International Monetary Fund said on Tuesday that the Chinese currency is no longer seen as being undervalued.

Responsible regional role

The fourth disaster relief exercise of the Association of Southeast Asian Nations Regional Forum, with the participation of 21 members including China and eight international and regional organizations, aims to promote regional security governance based on a "common, comprehensive, cooperative and sustainable" security perspective.

Ending unfair hukou system also requires a change in mentality

Sixteen provinces and municipalities have published their plans for reform of the hukou system for household residence registration. Most of them include cancelling the decades-long practice of dividing it into rural and non-rural categories. Comments:

Theft of antiques calls for tougher measures

Nine months, 175 suspects, 10 illegal trade gangs and 1,168 antique items - a recent case solved by the police, which involves theft and illegal trade of antiques, has been ranked by some domestic media as the biggest since 1949. Even one of the earliest jade pieces from China's ancient civilization records appeared on the list of stolen artifacts. Comments: