The recent reiteration by the top authorities that they will press ahead with the tightened real estate regulatory policies has disheartened developers who wanted the tight lid on the domestic housing market to be lifted amid signs of an economic slowdown.
Japan announced recently that it has obtained permission from China to buy 65 billion renminbi ($10.3 billion) of Chinese government bonds and will seek to set up an offshore renminbi-trading center in Tokyo, signaling its support for renminbi internationalization.
Whether the slowing of China's economy is permanent or temporary, the Chinese authorities have a great deal of work to do in laying the groundwork for strong economic performance in the medium and long term.
Apple is in hot water yet again after 22 Chinese authors accused the US tech-behemoth of selling unlicensed versions of their books via its online store and demanded millions of dollars in compensation.
GaveKal-Dragonomics, an independent research and advisory firm specializing in China's economy, explains China's growth this way: "As it has modernized its economy, China has experienced a virtual 'tsunami' of labor. Much of this has consisted of young Chinese women between 18 and 22, with not much bargaining power. As a result, China, for a long time could run its economy at double digit rates of growth, with little pressure on wage and price inflation or the exchange rate."
With international oil prices already hovering above $100 a barrel and expected to average $130 in 2013, Chinese policymakers should not hesitate to raise domestic fuel prices to both curb excessive use of oil and provide an incentive for greater energy efficiency.
The reasoning of the dispute settlement body in this case severs the connection between the different parts of the WTO rules and derives from the North-South gap in international rule making, as the WTO rules follow the legislative design of the developed countries for trade relations.