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Analysts said China's consumer inflation would remain mild this year although international oil prices have risen sharply, which will have a spillover effect on domestic prices.

And, I'm afraid the elite class of politicians in Washington has become so entrenched and corrupt that they will quash future change and development. As we've seen, they arrange high-paying cushy jobs for family members and retirement jobs for themselves. Lobbyists, who are politically connected people paid to influence legislation, now spend about .5 billion per year to influence Washington - up from .5 billion in 1998 and only 0 million in 1983, according to data from opensecrets.org. Other estimates are much higher. This may be legal, but it is de-facto corruption that will limit future economic growth.

And from black to white, Miao Miao and Zhao Tao eased into white with Dior Haute Couture and Dior Homme for another turn down the Riviera.

Andy Ho, CEO ofPhilips (China). [Photo provided to China Daily]

Angola will present its first international public tender in Beijing on Sept 16 to grant diamond, iron and phosphate mining rights to Chinese investors for the country located in the western part of southern Africa.