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In the United Arab Emirates alone over 3,000 Chinese businesses run branches. Global consultancy McKinsey and Company predicts that bilateral trade between China and the Middle East will reach between 350 billion U.S. dollars and 500 billion U.S. dollars by 2020, with the Gulf Arab states, most of them major oil suppliers, accounting for the lion's share of the trade.
Zhao Qingming, a senior researcher at the China Construction Bank, said that the case would lead to more formal information disclosures in the wealth management market and strengthened supervision of commercial banks.

Criminal responsibility shall be pursued for those whose behaviors cause serious consequences, said the measures.
China's airlines have increased their combined transport capacity to handle 35.5 million journeys during the rush, up 4.9 percent from the same period last year.
"The lack of a sound law system to protect personal information in China is a serious problem," said Li Yuxiao, an expert in Internet management and law studies with Beijing University of Posts and Telecommunications.
来源:资阳报