Tightened policies on government spending for luxury goods in China have put a temporary cap on the buying of luxury goods as gifts, which has contributed to the slowest annual growth of the market in five years.
Beijing expressed regret over Pyongyang's launch of a long-range rocket on Wednesday amid deep concern among its neighbors. Special: DPRK rocket launch
China stressed its adherence to peaceful development in response to a US intelligence report predicting that China will surpass the US to become the world's largest economy before 2030.
China's economy to pick up in 2013: report
China to develop circular economy
The Democratic People's Republic of Korea (DPRK) said Wednesday it successfully fired off a long-range rocket mounted with a satellite.China 'regrets' DPRK's satellite launch No debris fell into Japan's territory: TokyoGlobal reaction to DPRK satellite launchSpecial