After two decades, the effectiveness and sustainability of North Korea's brinkmanship policy has been called into question.

China should accelerate capital account liberalization and relax restrictions on foreign investment in order to achieve accelerated development of foreign direct investment.

Even though the nation's disaster response capability has improved compared to five years ago, China's disaster relief system is still insufficient in certain areas.

Virtual currencies nourished by booming e-commerce and the mobile Internet may disrupt the current monetary system and have a lasting impact on the financial industry.

The central bankallowed the middle rate of the RMB to fluctuate within a wider range so that the domestic foreign exchange market could soonreachequilibrium.

The keys to reform are the government's ability to clarify the boundaries between the state and society, decentralization, and supervision according to the law.

Lagarde said that China's new leadership faces a dilemma and needs to make some trade-offs between short-term economic growth and financial stability.

The stock scandal highlights China's flawed initial public offering (IPO)procedures and gross negligence of the underwriting, accounting, and legal firms Wanfu hired for its IPO.

China's long-time practice of doling out light punishments to polluters has aggravated the problem of groundwater pollution.

"Procuratorial organs have the greatest need for vertical leadership," said Luo Ji, former director of the General Bureau of Anti-Embezzlement and Bribery, Supreme People’s Procuratorate.

The CRC, a super monopoly which inherited all of the railways ministry's assets, debts, and personnel, urgently needs to evolve into an efficient modern enterprise.

The use of information technology to tap consumer demand and the efficient integration of the supply chain to meet said demand will become the core competitiveness of the new model.

Because subsidies to farmers for harmless disposal of pigs that die from illness are not in place and getting insurance compensation is difficult, many farmers choose to throw away or even illegally sell dead pigs.

The People's Congress has operated in a conflicting state for decades. It cannot fully represent the interests of the people, nor can it effectively supervise the administrative and judicial powers.

Zhou is expected to lead the design of new financial reform policies expected to be released in the second half of 2013.