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"A girl is just as hot as the shoes she chooses", according to style and music icon Lady Gaga. China Daily reporter shows off some heels that will raise the temperature.

The yuan hit a new high on Tuesday amid fresh US calls for a faster currency appreciation, but economists said China should brush aside foreign pressure and decide the pace of exchange rate reform in accordance with its own economic conditions.

The US Dollar Index confirms that volatility is a more normal market condition than stability. The US Dollar Index chart highlights the degree of volatility. From March 2009 to December 2009 the index fell from $0.89 to $0.75, or 15 percent.

China increased its holdings of United States treasury debt in July after two months of net sales and economists say it is unlikely Beijing's appetite for US assets will fade in the near future.

With growing sales online, food may well be the next hot commodity in China's e-commerce market.