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The National Copyright Administration issued a statement Friday morning saying a campaign will be launched to regulate the image copyright market.

The Palace Museum, also known as the Forbidden City, is one of the most visited museums in the world and tops the must-see tourist destinations in China. [Photo provided to China Daily]

The Oliver Wyman report said luxury purchases by Chinese tourists used to top the world's per-tourist spend list. But this has faded of late as luxury products now are not only less expensive but easily available at home. A Chinese national does not have to visit shoppers' paradises overseas to stock up on luxury goods and branded products.

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The Pacific Park project – first announced in December 2003 – will likely get a boost in speed to complete it and capital from the deal, according to the New York Post. In October, Forest City stopped work at the development, citing a 7.6 million accounting loss on the project, The Real Deal reported.

The NMC on Saturday renewed a blue alert for the typhoon, the lowest level in China's four-tier color-coded warning system.

The PBOC has also moved to address practical situations. In the latest move, it ordered payment institutions to obtain proper permits to offer payment services based on barcodes, and said cross-bank barcoded-involved transactions must be channeled through the central bank clearing system or other legal clearing houses.

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The PBOC also released a set of regulatory measures on Sunday, which stipulate specific supervision of various financial service segments and the setting up of "firewalls" between financial holding companies' major businesses and their financing activities. It has also created a regulatory mechanism under which financial holding groups must attain a certain capital adequacy level, primarily to offset risks.

The Netherlands has stood for free trade and China has benefited from free trade, Wang said, so the two countries should work together to promote reform of the World Trade Organization and help the WTO continue to play its role as the bedrock of the free trade system.

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The PMI president is also bullish on the hiring outlook for the project management industry in Asia as the region exhibits stronger economic growth than other parts of the world.

The National Radio and Television Administration said last week it will strengthen supervision on livestreaming during the Nov 11 campaign period to prevent misleading, exaggerated commercials or other potential cases of misconduct during these live shows.