Economists have voiced their opinions that China will keep innovation and industrial upgrading at the center of efforts to ensure sustainable and stable economic growth.
The central government will step up its efforts to stamp out inflated and falsified economic data after some local governments in the country cut their gross domestic product growth and admitted fudging key economic numbers, as part of the country's overall efforts to achieve high-quality growth, economists said on Monday.
China's GDP growth for 2017 may stay at 6.9 percent, thanks to favorable internal and external conditions despite the cool-off in the real estate sector and ongoing environmental protection measures, economists said.
Kweichow Moutai Co Ltd, China's signature high-end spirit maker, saw its share price hit a record high on Monday before edging down, even as analysts expect the firm to log further price gains due to product short supply and speculative interest.
Mining giant BHP Billiton said it expects a slightly softer iron ore market in 2018 given construction is likely to grow at a slower pace globally.
Shares of technology company Xunlei Ltd plunged 27.4 percent on Monday after the National Internet Finance Association of China said its token-based virtual currency, LinkToken, is a potentially high-risk model.
The Chinese yuan's status as an international reserve currency and its use in global trade and investment is expected to get a further boost from the country's Belt and Road Initiative, central bank officials said.
According to the political advisors in Shenzhen, the southern mainland city of Shenzhen needs to play a greater role in the setting up of the Guangdong-Hong Kong-Macao Greater Bay Area, an ambitious central government initiative aimed at boosting regional development of the three areas.
Rising demand in China for top-quality early-stage education, and current inadequate supply, are prompting private and foreign investors to rush into the segment in the hopes of huge and rapid growth.
Technology and internet-based firms are eyeing the early-age foreign language education market as more Chinese parents nurse high hopes for their kids.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
