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As a result of rising labor costs, shoemakers in Jinjiang have been scrambling to grab the high-end market.

As a low-interest-rate environment compelled investors to make riskier investments, the share of debt owed by firms with weak debt repayment capacity has risen to a "sizable" level in several major economies, and could reach post-global financial crisis levels in the event of a material economic downturn, the IMF said.

As a platform on which international professionals and talent gather to exchange ideas and explore development opportunities, this year's conference is expected to attract more than 40,000 government officials, experts and professionals from over 50 countries and regions.

As an energy-poor island country, Japan has always kept a close eye on Middle East stability. And according to the nation's Agency of Natural Resources and Energy, nearly 90 percent of the crude oil imported by Japan comes from the Middle East and more than 80 percent passes through the Strait of Hormuz, which is partly controlled by Iran.

As a number of nuclear power plants of SPIC are either under construction or already in operation across China, the company will continue to deploy resources and manpower to provide clean, safe and economical power to the nation, he said last week during the Global Smart Energy Summit in Nanjing, Jiangsu province.