Biz China Weekly

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Xinhua Insight: China economy 2016 in ten key phrases

Despite challenges including anemic world growth and volatile global financial markets, China pressed ahead with key reforms in 2016, had steady growth and improved its global influence. The following ten phrases recap the economic year.

Trade

China has resumed imports of Japanese koi, removing a ban imposed amid viral disease outbreaks at Japanese fishing farms in 2003, authorities in Shanghai said Tuesday.

Industries

  • Huawei's rotating CEO Eric Xu said that the company estimates sales revenue will stand at 520 billion yuan (about 75 billion U.S. dollars) in his new year speech.

  • With leading technology innovation and application, high-speed rail has become a symbol of Made-in-China and going-global products, said a white paper released by the State Council Information Office on Thursday.

In-depth

Profits of China's major industrial firms increased 14.5 percent year on year in November, up from 9.8 percent registered in October, official data showed Tuesday.

Although China cannot solely lift the world economy out its current malaise, the nation's current stable growth offers more than just confidence to the world.

China's 13th Five-Year Plan (2016-2020) period has had a strong start and is poised to fulfill all key targets set by the central government for economic development.