Shanghai ranked 16th in the 20th Global Financial Centers Index released on Monday, becoming the highest ranked Chinese mainland city and showing its rising competitiveness in the global financial sector.
I still remember that the Nokia mobile phone I used about five years ago was so solid that its screen never broke, despite the fact that I accidentally dropped it on the ground many times.
China needs to put more effort into resolving rising corporate debts in order to sustain growth in the medium to long run, a senior representative of the International Monetary Fund said on Monday.
Zhang Fanyi, a 35-year-old primary school teacher in Shanghai and mother of a five-year-old boy and an infant, recently spent 23,000 yuan ($3,480) on insurance policies for her family.
Chinese insurers are making overseas investments for steady returns and to prevent exchange rate risks, experts said.
China's insurance regulator is strengthening norms to prevent insurers from turning into financing platforms of their major shareholders.
Liu Wei, 23, a student from the China University of Political Science and Law, wanted to buy a new laptop but could not afford it.
Proliferation of consumer finance channels online and their targeting of university students, who usually do not hold credit cards, in a bid to gain new customers and market share have led to tribulations and tragedies on campuses in China.
The luxury goods industry has suffered from slowing Chinese demand, while terror attacks worldwide have hurt tourism and travelers' spending on luxury items this year.
A young Cuban professor who commutes over 20 km every day from her home in western Havana to the city's downtown has witnessed a dramatic change in the public transport system that has troubled the Carribean country's people for decades.
Two Chinese drug companies won dismissal of a $147-million antitrust verdict after a federal appeals court in the United States ruled they were acting under Chinese law and couldn't be held liable in the US for fixing prices.
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Raymond Zhou
Op Rana
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Huang Xiangyang
Chen Weihua
