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"Despite global uncertainty and tightening in US monetary policy, which have pushed down some of the emerging market currencies, the 21st century is still likely to be the Asian century," said Douglas McWilliams, CEBR deputy chairman and founder.

"Every luxury brand today is making difficult decisions between staying exclusive and becoming accessible, which essentially means sticking to its tradition and driving up business," said Bedi Ye, founder and editor-in-chief of luxury watcher website Fashiontrenddigest.

"Few residents were educated, so they would need help if they had to fill out forms to apply for government assistance," Qi said, adding that nothing he did was spectacular but everything was urgently needed. He said he felt gratified because of this.

"Everyone in Yanling knows secretary Huang paid a lot of attention to the yellow peach business. The 62,824 peach trees in our village have enabled nearly all households to build new houses and buy new cars," says Zhu Jinghua, Party secretary of Xinshan village, Yanling county, where more than 40 poor households were lifted out of poverty through the peach business.

"Facing lackluster new drivers and mounting downward pressure in the global economic context, China has enough resilience and huge potential to keep the economy on a sound track for a long time to come," Yang said.