Caveat on tightening policy

Shortly after the central bank released its latest statistics, Li Yang, a prominent expert from the top think tank, explained the implications of the figures and the possible policy changes in the second half.

Energy subsidies 'unsustainable'

While oil prices in international markets continue to break new records in the first half, China has only raised the prices of gasoline and diesel by as much as 18 percent, in an effort to keep them artificially low.

Disasters and closures hurting job prospects

Employment is not only a longstanding problem for job hunters but also a new headache for employers.