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The failure of 60 percent of M&As should be contributed to insufficient due diligence regarding human resources and credit background.

China’s consumer price index is expected to hit year-high at 3.3 percent to 3.7 percent in July as food price in China continues to pick up.

Manufacturing activities in China continue to slow in July with the Purchasing Managers Index falling to a 17-month low of 51.2 percent from 52.1 percent in June.

Although our central bankers are not perfect judges of financial stability, they are still the people who are in the best political and institutional position to ensure it.

"While a further slowdown and stabilization of growth is likely, the possibility of a double-dip is low.”

The consumer price index for the first half rose by 2.6 percent, or 3.7 percentage points compared with the same period of last year.

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