Hong Kong passed an important milestone in 2017 as it marked 20 years since the founding of the Special Administrative Region. The period has great resonance as 20 is the time of coming of age in Confucian tradition.
On Nov 8, China launched the Financial Stability and Development Committee, a new Cabinet-level financial regulatory body, to safeguard the inflated financial sector and coordinate macroeconomic policy, as risk prevention became the priority task for top regulators in 2017.
The past 12 months have seen China make large strides toward reshaping the People's Liberation Army, strengthening its combat capability and modernizing its arsenal.
Last year, China made great strides in combating corruption and building a supervisory system, as the government's determination to prevent graft was strengthened and the Communist Party of China stepped up efforts to guarantee the rule of law.
The 19th National Congress of the Communist Party of China opened on Oct 18, during which Xi Jinping, general secretary of the CPC Central Committee, delivered a report.
China achieved many successes in science, technology and major infrastructure construction in 2017.
At the invitation of United States President Donald Trump, President Xi Jinping traveled to Mar-a-Lago in Florida and met with his US counterpart on April 6 and 7, marking the first meeting between the two leaders after Trump assumed office.
On April 1, China announced that Xiongan New Area would be established in North China's Hebei province to advance the coordinated development of the Beijing-Tianjin-Hebei cluster.
China continued its progress in the battle against poverty in 2017.
On May 14 and 15, President Xi Jinping chaired the first Belt and Road Forum for International Cooperation in Beijing.
As the new year starts, companies, especially those in the chemical and energy sector, are facing a new type of green tax: firms that cause pollution will be taxed under a uniform set of national rules instead of the previous fees collected at the local level.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
