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China hopes to make 2017 its annus mirabilis

China Daily | Updated: 2016-12-21 08:59
China hopes to make 2017 its annus mirabilis

A worker checks the machine operations in Fuqing, Fujian province on Oct 25, 2016. [Photo/Xinhua]

Mixed economic prospects in store

Yao Yang, dean of the National School of Development at Peking University, shared with China Daily his view of China's economy in 2017.

Great progress has been made in cutting overcapacity this year and targets set at the beginning of this year in steel and coal sector are expected to be achieved on schedule. But deleveraging and cutting down property inventories saw slow progress. These two will be two hard nuts to crack next year.

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