This year, the Europalia-China Arts Festival and the Frankfurt International Book Fair have been successfully held.

今年，欧罗巴利亚—中国艺术节和法兰克福国际书展中国主宾国活动成功举行。

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Last year China was invited as main guest of honor to Europalia Arts Festival and the Frankfurt International Book Fair.

去年的欧罗·巴利亚艺术节和法兰克福国际书展不约而同地把中国作为主宾国。

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Of all the top Chinese Banks, bank of China was the most zealous in pushing loans out last year, with its lending book growing 38%.

在所有的大型中资银行中，中国银行是去年放贷最积极的一个，放贷规模增长38%。

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In addition, stock prices of the big Chinese banks are relatively cheap: Bank of China trades at 1.4 times forward book value, and Agricultural Bank of China trades at 1.6 book value for fiscal year 2011, even though Bank of China is considered a better-run bank.

FORBES: CLSA: Chinese Banks Are A Buy

"The truly rich can afford to live anywhere, and the poor get double-digit wage increases every year, " Mr. Rein, author of the book "End of Cheap China, " said.

WSJ: An Unhappy Middle in the Middle Kingdom