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Peter Williamson, an honorary professor of international management at Cambridge Judge Business School, said Huawei's strong relationships with partners across Europe, built over the past decade, are paying off.

Perhaps surprisingly, China has focused a lot less on highly directed "picking of winners" but has focused on making capital abundant. In South Korea, especially under president Park Chunghee, the government directly decided which investments would be made. Similarly, Japan's Ministry of International Trade and Industry directed investments.

People close to China Asset Management Co Ltd said the pension target securities investment funds will start to be sold as soon as this week. The first batch of funds will adopt the fund of funds strategy, an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities.

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Pedestrians wade through floodwaters in Sanya, Hainan province, on July 2. Typhoon Mun brought torrential rains to the island. SHA XIAOFENG/FOR CHINA DAILY

People prefer to enjoy the food in air-conditioned Chinese restaurants in star-rated hotels with higher food quality. However, the price was just about a quarter of that in Shanghai.

People who violate measures put in place to control social situations during emergency incidents, including major infectious diseases epidemics, will receive harsher punishments, according a draft revision to the Administrative Penalty Law.

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Peng Peng, vice-chairman of the experts committee at South Nongovernmental Think-Tank, said students should assess their financial capabilities before borrowing money and warned against loan sharks and "naked loans", which involve extortion. The lenders demand nude photos of borrowers that they threaten to release if payment isn't made.

People outside of the Peoria area will still be able to watch the trial because the judge has decided to allow the trial to be streamed to a viewing room in Urbana, according to CBS Chicago.

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People pass in front of a branch of Deutsche Bank AG in Cologne, Germany. WOLFGANG RATTAY/REUTERS

Pei noted that the beauty of the old book market lies in the interaction between vendors and customers when bargaining, something that cannot be found in modern establishments.