China Meets All Annual Development Goals for 2017

China has met all its annual development targets set in last year’s government work report, the State Council said Thursday. The 36 quantitative goals for 2017, including annual economic growth of around 6.5 percent, were accomplished perfectly, according to a State Council report tracking the progress of last year’s government targets.

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Control China’s Macro Leverage

International rating agency Moody released a report on January 8 that most of the 53 rated Chinese state-owned enterprises will gradually reduce their leverage ratio in 2018.

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China’s Economy in 2017: A Good Driver of the World Economy

On January 18th, the National Bureau of Statistics revealed that in 2017, China’s gross domestic product (GDP) totaled 82.7 trillion yuan (about 12 trillion U.S. dollars), surpassing the 80 trillion yuan mark. The country’s economy expanded 6.9 percent in 2017, with the pace of growth accelerating for the first time since 2011.

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China Accelerates All-Round Opening-Up

The Central Economic Work Conference highlighted the importance of three baseline tasks and eight major tasks, and made specific requirements to lay down the critical foundations and guarantee for the economic work for the coming year and future years.

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Striving for Quality

By setting forth that the country’s economy will be characterized by more innovative manufacturing, a securer financial system, a more open and green economy, more affordable housing and improved standards of living for the people, the annual Central Economic Work Conference in fact mapped out a blueprint for China’s development over the next 30 years and beyond.

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