Golfers gather in Shanghai for WGC-HSBC tournament

Golfers Tiger Woods of the US attends a news conference of the upcoming HSBC golf tournament in Shanghai Nov 3, 2010. [Photo/Agencies]

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Paper's Digest

The yuan is likely to be fully convertible and on the way to being one of the world's major currencies by 2020.

More sophisticated Chinese consumers are surfing for luxury products on the Internet and a number of branded labels are ready to ride the wave.

An anti-smoking watchdog has criticized Chinese authorities for "making little progress" on enforcing tobacco controls.

Traugott Kaminski claims he was the first person to bring the yacht culture to China seven years ago.