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Closely watching the financing activities, the National Development and Reform Commission put restrictions on Chinese property companies' offshore fundraising last Friday which required that property developers can only issue foreign currency bonds to refinance mid-to long-term debt that is due within the next 12 months.

Chinese tourists are spending more money on upgraded travel experiences when they go abroad, and more people are willing to take in-depth, individualized and customized trips, according to a report released this week by the China Tourism Academy and Ctrip.com travel agency.

Chu Yin, a senior research fellow at the Center for China and Globalization, said Abe's attitude change was for short-term political gains and long-term economic ambitions.

Cities across the continent are competing for Amazon’s second corporate headquarters and the 50,000 high-paying jobs that will come with it. But new data on the relationship between a booming downtown tech industry and housing affordability serve as a reminder that the winner will have some new realities to grapple with.

Chinese travelers will be able to get an authentic taste of the places they visit, thanks to a new app that makes it possible to eat a meal that is cooked and served in a local's home.