Eighth generation of video game consoles The Xbox One was released in North America, Europe, and Australia on November 22, 2013, at a launch price of US$499.99, €499 and A$599 respectively with Japan, and was later released in 26 other markets in 2014. It had two mid-generation upgrades, one cheaper option released in 2016 called the Xbox One S, and the other called the Xbox One X which added 4K gaming.
Chinese stock bubble of 2007 After rumors that governmental Chinese economic authorities were going to raise interest rates in an attempt to curb inflation and that they planned to clamp down on speculative trading with borrowed money, the SSE Composite Index of the Shanghai Stock Exchange tumbled 9%, the largest drop in 10 years.
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Energy policy of China By 2014 China was importing approximately 7 mil. barrels of oil per day. Three state-owned oil companies – Sinopec, CNPC, and CNOOC – dominate its domestic market. China announced on June 20, 2008 plans to raise petrol, diesel and aviation kerosene prices. This decision appeared to reflect a need to reduce the unsustainably high level of .
2015–2016 Chinese stock market turbulence According to Caixin media, 'Calls for China to adopt a circuit breaker mechanism gained momentum after a stock market rout in the summer that saw the Shanghai Composite Index, which tracks the stock prices of all companies listed in the city, plunge from more than 5,000 points in mid-June to less than 3,000 in late August.'
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