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By increasing the price of assets, primarily stocks and residential real estate, the 20-year low interest rate policy has been fantastic for already-affluent people, who saw the value of their portfolios soar. But average working people in the US have seen stagnant wages, except for small raises in the last three years, and have little if any savings. Consumer debts have risen sharply, healthcare costs have soared and young people have been hit by debt caused by dramatic increases in university tuition. Again, the consumption-driven US boom could not be sustained.

By the end of last year, there were 58 airlines in China, which offered services on 4,418 air routes. The country's civil aviation fleet reached 3,296 aircraft.

CHANGCHUN -- A road accident killed 12 people and injured four others in Northeast China's Jilin province on Wednesday morning.

By introducing the environment control system he uses in his US facilities, Alonzo and his team will be able to control the temperature, humidity and other elements key to mushroom-growing and harvesting mushrooms year-round.

By contrast, small power generation firms with weak operating and financial profiles will be more vulnerable because of the growing market competition under the new tariff regime, the report added.