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Clay Chandler, executive editor international of Time Inc., said China's reform will continue, describing the city in South China as a trailblazer in reform that has taken the lead in development.
Citigroup said business lending in Asia hasn't increased for the last three quarters and declined 7 percent in the second quarter from the same period a year ago.
Chinese search giant Baidu, which had enjoyed a high reputation earlier, suffered a dip in fortunes and fell out of the top 120 rankings published by Racepoint.
Chinese students with their counterparts from across the globe in Britain. [Photo provided to China Daily]
Chinese tourists walk past the Louvre Pyramid outside the Louvre Museum in Paris. [Photo/Agencies]