In recent days, Boston consultancy company issued a report showing that by 2015 China's luxurious goods consumption will reach as high as 73 billion dollar, the biggest in the world. This result comes at a time when the global economy was in deep repression.
In 2009 China's luxurious goods consumption has risen by 30% from that of 2008. Many companies of luxurious goods are fighting to get a share in China's market. At the same time, China's annual average income for rural people in 2008 was about 700 dollars, even less than a prada's wallet.
Robots and their potential to do both good and evil have always fascinated humans, and a display of the latest android technology at the Shanghai Expo has done nothing to dampen this enthusiasm. And as you may have guessed, it was in the Japanese pavilion. BON's Tom Spender has more.
Over sixty years after the end of the Second World War, a Japanese company has paid out compensation to Chinese wartime forced-laborers. This is the first time any payment has been made in such a case.
The historic payment was made by the Japanese Nishimatsu Construction Co. to five surviving Chinese former forced laborers.
The events that led up to this week's historic event go back over six decades.