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Among these SMEs are Italy's celebrated shoemakers, whose products are coveted by customers around the world -- and, increasingly, in China, which is currently the ninth most important market for Italian footwear exports, according to Annarita Pilotti, the president of Assocalzaturifici Italian shoe manufacturers association.

An employee of a Suzhou, Jiangsu-based private enterprise inspects equipment at the company facility. [Photo/Xinhua]

An increasing number of qualified financial professionals in China, supported by the CFA Program, are helping the industry to achieve sustainable development, said Bjorn Forfang, deputy CEO of the CFA Institute, the global association of investment management professionals.

An increasing number of real estate companies are looking at overseas financing channels to prevent capital flows from drying up, the report said.

An astronomer in Shanghai has voiced his concerns over an exercise in an enrichment book that requires primary school students to document their observations of the moon.