John Hutton

Here in the UK the government has decided to accept the recommendations of the Better Regulation Task Force to measure and make targeted reductions in the administrative costs - the red tape costs - that regulations impose on business.

Historically, China is not a nation of sportsmen. We traditionally put more emphasis on being close to nature than pushing endlessly to excel. A philosophy that values tranquil contemplation of the landscape cannot easily be adapted to the Olympic slogan of 'higher, stronger, faster.'