Reforms, curbs key to efficient, open economy in 2018

BEIJING - China is just past a difficult year in 2017. Beginning this year, it is on a new journey toward a more efficient and open economy.

Despite some turbulence, China's economy ended 2017 on a stronger-than-expected note. Headline growth is sure to meet the target of around 6.5 percent.

Financial risks are being contained; the property market is cooling down; and key reforms are making steady progress.