A-share market closed lower on Thursday, erasing gains in the morning session when jumps on Wall Street raised investor sentiment.
Profit growth of China's industrial firms increased by 11.8 percent year-on-year in the first 11 months, 1.8 percentage points down from the first 10 months, the National Bureau of Statistics said on Thursday.
Middle-income parents are increasing their investment in children's education, with the number of parents sending children to winter or summer camps overseas becoming more commonplace.
Chinese financial regulators will continually encourage commercial banks to develop innovative debt instruments and replenish capital, in order to meet regulatory standards and strengthen their ability to absorb losses, said senior officials.
China's property development remains bullish this year despite tightening measures, and total real estate investment in the first 11 months has surpassed that of the whole of 2017, according to official data.
The further development of the Guangdong-Hong Kong-Macao Greater Bay Area is expected to lead to a more robust retail property market in Guangzhou, heightening the short supply.
State Grid Corp of China, the world's largest electricity utility company, announced on Tuesday that it would engage social capital in the construction of and investment in ultra-high-voltage (UHV) power transmission projects, among a number of other measures to accelerate mixed-ownership reform.
China's reform and opening-up will not only benefit the country and its people, but help contribute new growth momentum and facilitate changes to the global economy in many aspects, said officials and business leaders from home and abroad.
Chinese monetary policy will be targeted to better serve real economic growth and buffer economic downside risks next year, in order to avoid aggressive credit expansion, according to policy advisors.
As California-based Tesla Motors Inc will start partial production in Shanghai in the second half of next year, and Boeing delivered first airplane from its Zhoushan facility in China earlier this month, business leaders believe that stable China-US relations will help more companies from the United States maintain robust growth in China.
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