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As a result, the yuan/dollar exchange rate is no longer fixed, but is a floating one. So, it is worth reiterating here: Like in the stock market, where volatility is the norm, the yuan volatility is the norm in the foreign exchange market. There is no need to make a fuss about the yuan breaching 7.0.

As authorities reiterated their efforts to control property prices, tighter controls on home purchases are expected to continue in Tianjin, notwithstanding the northern Chinese city's efforts to attract more young talent with friendly policies.

As a strand of the global New Silk Road, China is also building a 926-km railroad from Tehran to the eastern city of Mashhad, Iran's primary pilgrimage site which attracts tens of millions of visitors each year. Construction of the electrified railway by China National Machinery Import and Export Corporation, also a State-owned enterprise (SOE) , is expected to take up to four years. Once completed, it will reduce the journey from 12 hours to 6 hours and increase transportation capacity to 25 million passengers and 10 million tons of cargo per year.

As consumers and readers, we’re not dummies. We don’t want an impoverished reading experience. We don’t want a cracked plastic case and a blurry screen—which, sadly, is what many e-readers offered, especially in the boom years between 2007 and 2012 when everyone seemed to be trying to sell a budget e-reader. For good or for bad, we define ourselves in many ways by the gadgets we use and the clothes we wear. We don’t want to surround ourselves with cheap products. Nobody really aspires to that. We also don’t want to pay for a diamond-encrusted e-reader. We don’t need bling; we just need to feel like the design speaks to us.

As for data security, he said the Chinese operator GCBD, with disaster recovery capabilities, already has data privacy and security protection in place.