The Chinese banking regulators have been quick to act on Basel III, and the banks under their supervision have braced themselves for the effects, to whatever extent, on their operations.
After a roller-coaster year, China's equity market closed with cautious optimism not seen since 2007.
Chinese consumption is an important driver of economic growth, and an increasingly key source of sales and earnings for local and international businesses.
Renminbi is playing increasing role in global economy but there is long way to go before full convertibility.
In the past year, the real estate market has experienced dramatic changes, with a cold market at the beginning, a strong wait-and-see mood mid-year and then a hot market at the end.
For China to be perceived as just "the world's factory" is neither sustainable nor desirable in the long run.
In many ways 2012 was a year that Chinese companies, which were ardent supporters of green energy or new energy, would like to forget.
The quantitative easing measures of the United States, the European Union and Japan can improve expectations for the global recovery and cushion the eurozone debt crisis' impact on the global economy. But these measures will not change the weak growth of the global economy. The International Monetary Fund's predicts that global economic growth will be a mere 3.6 percent in 2013.
Since the global financial crisis broke out in 2008, China's outbound direct investment has grown rapidly.
Now that the leadership issues in the United States and China have been settled, we can finally frame the economic outlook for 2013 with the knowledge of who will be pulling the policy levers in the world's two biggest economies. So, what will they do, and, perhaps more important, what will economic forces do to them?
Last year, China was the world's second-largest foreign direct investment recipient. So what is the outlook for China's inward FDI for 2013 and beyond?
China needs to come up with new ideas to advance as population grows older.