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Business and consumer confidence levels remain very strong, indicating there is low recession risk in the short term.

Britain's Prudential Plc and Canada's Sun Life Financial Inc are among insurers who expressed interest in recent months in owning more of their China operations.

Businesses will be asked to adopt new technology to forestall risks, such as facial recognition to verify the identities of drivers and big data to detect hazards such as deviations and delays.

Burying himself in a pile of papers, 50-year-old Liang Shi from China's Sichuan province might be the country's most tenacious student for he has tried to crack the Gaokao, or National college entrance exam, 20 times, and this year he is ready to tackle it again.

British Steel was on the brink of closing down, with 4,000 jobs in the UK town of Scunthorpe at risk. That is until Chinese steel and iron making company Jingye came to the rescue.