Boosted by strong sales and investment returns, China's major industrial firms registered double-digit profit growth in May, adding to signs of a stabilizing Chinese economy.
Chinese government has always attached great importance to the management of government debt, and has established a standardized borrowing and financing system for local governments, according to a senior official with the National Audit Office (NAO).
The 11th Annual Meeting of the New Champions to be held in China-also known as the Summer Davos-is gearing up for record participation with over 2,000 participants and media registered to attend, according to the international forum's organizers, the Swiss-based World Economic Forum.
