Is China a ticking economic time bomb?

Yes, according to many analysts, who underline the country’s credit boom. For example, a research note by Standard Chartered, which was published on July 21, noted China’s total debt to GDP ratio had surpassed 250 percent. You could have shrugged “so what” if it was not the world’s the world’s biggest trading nation and second-largest economy.

Nikolic receives credentials of new Chinese ambassador

BELGRADE - Serbian President Tomislav Nikolic Tuesday received the letters of credence from the new Ambassador of China in Belgrade, Li Manchang, who said that the two countries were helping each other on issues of key interest, and conveyed Beijing's willingness to raise bilateral relations to a higher level.