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"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Education is an indispensable part of the American Dream," Asian American Coalition for Education's Zhao said in his letter to the College Board. "Every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination and initiative.

"Eight-hundred dollars was a smart goal, carefully considered by authorities, which indicated that China aimed to become a middle-income country because, according to the Classification of Economies of the World Bank then, per capita GDP for middle-income countries ranged from 6 to ,655."

"Excluding rent, our daily staff salaries, utility bills and other expenses are between 12,000 and 13,000 yuan (,714-,857). If this situation continues for 2-3 months, the hotel's cash flow will be under great strain," Zhou said.

"E-commerce is certainly our priority this year," said Jin, expecting to raise their online sales percentage from last year's 15 percent to more than 20 percent this year.