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China's retail industry is transforming at a rapid pace. However, user experience in traditional stores is not keeping pace with progress in other areas, while operating costs are rising, according to IBM.

China's three major State-owned airlines, Air China, China Southern Airlines and China Eastern Airlines, all pointed out the impact from high-speed trains in their latest half-year earnings reports, and only China Eastern achieved positive growth in net profits.

China's property sector has cooled in recent years after runaway home prices fueled speculation and triggered government curbs aimed at preventing asset bubbles.

China's rise as an emerging economic power and the strengthening of Sino-US partnership mean a mastery of Chinese could keep American students competitive in the global market, which explains the popularity Chinese has been enjoying among young Americans. For US high school students, a high grade in Chinese could get them extra points when applying for colleges. The fondness for the time-enduring Chinese culture is another reason behind their enthusiasm of Chinese language.

China's success came on the back of its huge (72 gigawatt-hours) domestic battery demand, control of 80 percent of refining of the world's raw materials, 77 percent of the world's cell capacity and 60 percent of the world's component manufacturing.