The Economy
- The country's economic agenda should prioritize quality and efficiency to achieve this year's growth target, and also ensure improving public services such as education and healthcare, Premier Li Keqiang told lawmakers on Monday.
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Banking regulator advisor calls for vigilance on financial risks
China should be vigilant about all kinds of financial risks as market development brings new products and new situations, Yang Kaisheng, a special advisor to China Banking Regulatory Commission, said Monday.
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CPPCC member: Commercial insurance important for medical reform
A top political advisor said on Friday in Beijing that commercial insurance is an important part of social security and could complement medical reform.
- Head of China's top economic planning body said Monday that the economic growth target of around 6.5 percent set for 2017 is both necessary and attainable.
- China has invested more than 50 billion U.S. dollars in countries along the Belt and Road since the nation proposed the initiative in 2013, a senior economic official said on Monday.
- Chinese companies are revving up their localization strategies overseas through the Belt and Road Initiative, bringing industrial capacity, R&D and services to host countries, said a business leader on March 3.
- Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report.
- President Xi Jinping said Sunday that China will stick to the all-round opening-up policy, and continue to liberalize and facilitate trade and investment.
- China will pursue a more proactive and effective fiscal policy with government fiscal deficit projected to be 3 percent of its GDP, according to a government work report available to the media on Sunday.
- China will pursue a prudent and neutral monetary policy in 2017, with the M2 money supply to grow by around 12 percent, according to a government work report to be delivered at the annual parliamentary session Sunday.
- China has set its GDP growth target at around 6.5 percent for 2017, compared with a target range of 6.5-7 percent for 2016, according to a government work report distributed to the media on Sunday.
- A Chinese official said Saturday that the country should pay attention to external economic risks, including rising trade protectionism and uncertainties from developed economies.
- Private investment is among the hot topics to be discussed by Chinese political advisors as they meet in Beijing for the top advisory body's annual session, which opens Friday afternoon.
- China will adjust the growth pattern in foreign trade from simply expanding the volume to improving structural quality, China's new commerce minister Zhong Shan said on Friday.
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Economist: Property tax to stabilize housing prices, curb speculation
China's property tax, which is still in the pipelines, will have a modest impact on China's runaway housing prices in big cities by preventing major speculations, an economist told China.org.cn on March 1.
