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As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.

As demonstrated by the prevailing practice of the past years, audit has significantly improved local debt risk prevention and control capability. This has helped set up a safety net and build a firewall to prevent and control local debt risks. This is highlighted by the effective and legal use of "three key measures" as follows:

As for issues regarding the South China Sea, Fan emphasized that islands in the region have been China's territory since ancient times. The situation in the region has now improved, a development that did not come easily.

As Startup Day approaches, we’re highlighting some of our favorite talks from past events. ?This edition is on angel investor Dave McClure’s expletive-laced talk at Startup Day 2010 about Why Not To Do a Startup.

As bushfire threat eases, dust storms and floods portend a destructive climate cycle