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Business costs are expected to be reduced by a total of 150 billion yuan (.9 billion) this year, with further measures coming up soon to reduce logistics, energy and electricity costs, according to Yue Xiuhu, head of the Pricing Supervision Department of the National Development and Reform Commission.

Building permits, first uncovered by Recode, give the address as 104 Bellevue Square with the plat name as “Cache.” A fashion?retail chain by the same name previously occupied a storefront inside the mall, so it’s possible that is where the bookstore will open.

Brad Setser, an expert with Council on Foreign Relations, noted that the RMB exchange rate is now close to equilibrium. He expected that the RMB exchange rate would remain stable at current level with China's current account surplus and its efforts to deal with capital outflows.

British consultancy Asiability's recent success is a good example.

Brunei is ready to work with China to champion peace and stability in the South China Sea and continue to nurture the ties between ASEAN and China, Hassanal said.