May 18: Premier Li Keqiang on maiden Latin America trip; 128 illegal matchmaking sites shut in crackdown
Diplomacy & defence
China is re-engineering its long-range ballistic missiles to carry multiple warheads, in what analysts say a response to the US’ deployment of missile defense systems in the Pacific (New York Times); A Chinese state-run thinktank's analyst says report exaggerating and China is restrained on nuclear warhead development. (Global Times)
Economy
As China’s economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country’s unpredictable court system. (Reuters)
Falling tax revenue and the plodding pace of local governments’ refinancing through municipal bonds means that China could face a serious fiscal squeeze on the local level, forcing Beijing to intervene more aggressively to avert a Chinese "fiscal cliff". (Reuters)
Technology
Society
A five-year-old girl from Hebei province survived from accidental plunge from 16th floor. (People.cn)