With all due respect to Phelps, the most dominant performance in the pool should come from China's Sun Yang, the hands-down favorite in the men's 400-meter freestyle.

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Elsewhere in the sector JA Solar Holdings and China Sun Energy, both based in China, were also enjoying sizeable gains in the price of their American depository receipts.

FORBES: Magazine Article

The delegation comprised of Professor Hingmin Zhang, a leading expert on housing in China, and Professor Nanshen Sun, who is Dean of the law school at Fudan University.

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"When she left hospital, I asked the army if I could take her home to convalesce because her diabetes was so serious, but they said she had to go for winter training with the army team in northeastern China, " says Sun of her daughter.

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China, India, Vietnam, Brazil, South Africa all deserve their day in the sun, but this does not mean that Americans or Europeans should cower in the shadows.

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Sun Yang also added to China's growing gold tally with a win in the men's 1500-meter freestyle.

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Often, the breadth of Sun Hung Kai's business translates into valuable contacts in China, which may help when Kwok decides to take the e-initiatives north.

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The essence of China's thinking about cyber warfare is the concept of shi, he says, first introduced in Sun Tzu's "The Art of War" about 2, 500 years ago.

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Sun Yang sealed a place in China's Olympic history with an impressive swim in the 400m freestyle final that was only 0.07 seconds off the world record to take gold.

CNN: China celebrates first swimming golds and a world record