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An Fuxiu, founder of Sportbank, a Beijing-based sports industry consultancy, said both local authorities and investors see the entire sport industry as a very promising sector, with winter sports the most important part of that.

An expansion of fiscal deficit is also necessary, as this can help increase the central government's transfer payments to local authorities and deliver subsidies to people living in rural areas, said Zhu.

An increasing number of white-collar workers in Shanghai are getting failing grades on their physical examinations, according to a white paper on the health of white-collar workers in Shanghai.

An Indian presidential decree issued on Monday revoked Article 370 of India's constitution that guaranteed special rights to the Kashmir.

An appropriate default rate, other than an implicit guarantee, will help to develop a more healthy bond market as the investment instruments' prices will better reflect the different levels of credit risk. Thus, investors will know about the market's real situation, said Pan.