Biz China Weekly

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China's economic structural reforms boost global growth

China will build on the forward momentum and continue its economic structural reforms in 2017, in an effort to provide more opportunities for global growth.

Market

For Beijing real estate agent Wang Yang, 27, this year may be a turning point in his career. Calling 2016 his best year ever, Wang is a little concerned about 2017.

Industries

  • Chang Linglong has just returned from a trip to Shanghai that she describes as "a nightmare."

  • There is a factory in southwest China's Chengdu City, which, should you want to visit, has a one month waiting list.

In-depth

China's growth has benefited from innovation, people-centered ideology, stability, infrastructure upgrades and globalization, which can serve as an example for other economies.

China's booming mobile app market will continue to expand with rising smart device penetration and mobilization of more traditional businesses.

The latest Federal Reserve interest rate hike may complicate matters for China's central bank but will not affect its monetary policy, which will remain prudent and neutral.