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China's investor protection system needs to improve to deal with risks related to such structures, said Li Shuguang, a law professor with the China University of Political Science and Law. He mentioned specific areas such as the regime of class action lawsuits litigated by small and mid-sized investors, detection of insider trading, as well as transparency and information disclosure.
China's lower-tier cities are becoming "bigger, richer, and more eager to spend" and such consumption could triple to .9 trillion by 2030, according to a report from Morgan Stanley.
China's divorce rate has been on the rise for 14 consecutive years, since 2003. The latest figures from the Ministry of Civil Affairs show that 4.16 million couples divorced in 2016.
China's economy is expected to expand by 6.7 percent in 2017, up from a previous projection of 6.5 percent in April by the bank, and growth in 2018 is projected to reach 6.4 percent compared to 6.2 percent in the bank's previous forecast.
China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment.
