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Chinese Vice-Minister of Finance Shi Yaobin urged France to help the European Union make a "correct decision" when it reviews new EU legislation approved by the European Parliament designed to protect EU industries from imports by using the so-called market distortions as a tool.

Chinese outbound direct investment or ODI in the coming decade is forecast to reach .5 trillion, up 70 percent from the level during 2007-16, according to a new report by leading British law firm Linklaters.

Chinese regulators have begun to clamp down on internet financing and peer-to-peer lending after some of the scores of nascent online loan outfits that have sprung up in past years fell under suspicion of perpetuating Ponzi schemes. Chao, a former PricewaterhouseCoopers auditor, said he welcomed government intervention as it would help normalize a saturated market. In an encouraging sign, Sina Pay-which its users employ to pay for services onlineis already gaining traction, he said.

Chinese artists will be among those featured at the 16th edition of Frieze London which showcases the best of international contemporary art and starts in Regent's Park this week.

Chinese and Belgian vocal artists dazzled an audience in Brussels on Tuesday night at the Second Edition China-EU Arts Dialogue: Vocal Music.