HIGHLIGHTS

2018 GDP growth set at around 6.5%

China set its GDP growth target at around 6.5 percent for 2018, according to the government work report on March 5.

China to scrap data roaming charges

China will abolish domestic data roaming fees to cut costs for increasingly digital Chinese consumers.

Reforms in key areas to be focus in 2018

China will make breakthroughs in reform and continue to develop productive forces, Premier Li Keqiang said on March 5.

Nation to bolster growth through more pilot FTZs

Many of China’s pilot free trade zones plan to build both coastal and inland free trade ports this year to put the country’s economic growth on a firmer footing.

2t yuan tax cut via VAT reform

China has reduced taxes for enterprises by more than 2 trillion yuan via VAT reform, Premier Li said on March 5.

China to expand smart manufacturing pilot program

China plans to expand its demonstration program for smart manufacturing by adding about 100 pilot projects this year, sources said on March 5.

PHOTOS

VIDEOS

QUOTES

China will open doors wider to foreign investors this year by completely opening up its general manufacturing sector and expand access to a number of other sectors.

Delivering the government work report on March 5

We are fully capable of forestalling systemic risks. What China needs to do is to tackle both symptoms and root causes and take effective measures to defuse potential risks.

Delivering the government work report on March 5

China will do more to directly benefit the people, address their difficulties, and ensure that their basic living needs are met.

Delivering the government work report on March 5

China will launch an initiative to shore up weaknesses in major equipment manufacturing amid efforts to become a global manufacturing giant.

Delivering the government work report on March 5

OVERSEAS PERSPECTIVES

Achieving high-quality growth is one of the essential tasks of China’s new era in order for the country to meet its long-term goals.

OVERVIEW