The pain (of reform) is still there and is becoming more acute. The government is reforming itself. Vested interests will be upset. This is not nail-clipping but taking a knife to one's own flesh. We are determined to keep going until the job is done.
Hans Hendrischke, an economics professor at University of Sydney, said the "new normal", a phrase to describe China's current economic situation, "includes the successful rebalancing of the Chinese economy toward a consumer and service economy."
"The Beijing 2022 bid would make Chinese people understand more about sport, and as the Winter Olympics feature more outdoor events than the Summer Games, it will get more Chinese involved in sport," said the former NBA All-Star center.
