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Around 1990, when the Chinese economy had been steaming ahead at an annual growth of 9 percent for 10 years, many scholars did not believe such momentum could continue much longer, economist Justin Yifu Lin recalled in a 2011 speech.

As China grapples with multiple risks stemming from misallocated investment and shadow banking, decision makers are counting on tighter regulation to root out systemic risk in the financial sector.

As Chinese manufacturers try to move up the value chain as part of the country's "Made in China 2025" plan, designers in China are working to reinvent themselves from mere imitators to innovators.

Applicants are competing for more than 28,500 available government posts, which is also a record high for job openings. Should all qualified applicants sit for the exam Dec 10, 58 candidates will compete for one vacancy, according to the Ministry of Human Resources and Social Security.

Around 300 million tons of plastic are produced every year, according to the World Wide Fund for Nature, with much of it ending up in landfills or polluting the seas, in what has become a growing international crisis.