The head of the state planning department says that China will spur investment in 2018, as well as expects steady growth in both exports and consumption.
China’s state planning department says that the Xiong’an New Area that was established to take pressure off nearby Beijing is set to become a “model” for the high quality growth that has become the key theme of economic policy.
Premier Li Keqiang has unveiled ambitious targets for China’s rural poverty alleviation efforts in 2018.
One of China’s leading economic experts says that systemic risk is still a major issue for the the country’s financial system.
China watchers expect the country’s chief delegate to the 2018 World Economic Forum to be anointed as a leading economic policymaker at the upcoming March legislative assemblies.
China’s state-run media has called for Beijing’s ongoing deleveraging campaign to be conducted in an “orderly” fashion, with a view to more effectively containing systemic financial risk.
President Xi Jinping said that the creation of a “modernised economic system is the strategic aim for China’s development,” as well as stressed the importance of scientific and technological innovation and new technologies such as big data and artificial intelligence.
The latest official data points to surging growth in China’s telecommunications sector in 2017.
One of China’s top economists says that hopes for a stabilisation in Chinese GDP growth are unfounded given an intractable slowdown in fixed-asset investment.
A vice-secretary from China’s National Development and Reform Commission has made a GDP growth forecast of 6.5 – 6.8% for 2018.