Caterpillar is in the process of temporary business adjustment in the Chinese market, with expansion slowing down and investment suspended.
China's rise is an opportunity, rather than a threat to the rest of the world, a senior Chinese diplomat said here on Tuesday.
The income gap between men and women in China is growing partly because of gender inequality, particularly in the job market, according to a survey.
"Chinese economy is like a train without a locomotive, losing power all of a sudden and just gliding forward with inertia." This is how some Chinese people have described their economy over the past two years. Now the train is beginning to whistle. After seven quarters of slower-than-usual growth, a reversal appears under way.
According to figures released by the National Bureau of Statistics, industrial output started picking up in September and October, with a rise of 9.2 percent and 9.6 percent, against 8.6 percent in August.
China should expect challenges as it manages its success both on the domestic front and in its relations with other countries, said a Singaporean academic.
Rating agency Moody's said China must accelerate financial reform to sustain economic growth, as it forecasts the country's economy to grow 7.5 percent each year from 2012 to 2014.
The key to building a moderately prosperous society lies in the rural areas, according to a scholar with the top academic institute of the Communist Party of China.
The government needs to carry out "bold and resolute" reforms in order to meet the target of doubling its GDP and residential income by 2020.
China's economic growth is on track for a modest rebound as the impact of policy-easing measures adopted this year have started to kick in.
China's low-income level and the widening wealth gap are exerting a negative influence on the country's overall economic development.
Liberalizing interest rates would support economic restructuring through the proper pricing of risk, it also can reduce income inequality and improve social welfare.
In his opening speech to the recently concluded 18th National Congress of the Communist Party of China, former CPC general secretary Hu Jintao emphasized the goal to build a xiaokang, or moderately well-off, society by 2020. The specific goal is to double GDP and per capita income of rural and urban residents both. Xi Jinping re-emphasized the goal after he was elected CPC general secretary.
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