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And, one reason housing prices are high is that apartments were seen as one of the most secure investments. Many investors also speculated on high-return wealth management products, without fully understanding the risks involved.

And children with cancer will get better care thanks to a partnership between Toronto's SickKids Hospital and Shenzhen Children's Hospital.

Analysts at Bank of America believe global oil demand will fall by 12 million barrels a day in the second quarter ?– the sharpest decline on record.

Analysts believe the move could help lower borrowing costs for businesses and individuals, and is also seen as an effort to loosen monetary policies and underpin economic growth.

Analysts said if target retirement funds are offered to China's investors, the mutual fund industry as a whole would benefit as they add variety to market products. Such funds also are in investor interest and help investors understand the benefits of long-term investments.