Last year, China saw its annual GDP growth rate increase for the first time since 2010, new economic development data from China’s National Bureau of Statistics shows.
On December 28, the Communist Party of China (CPC) convened its Central Economic Work Conference, an annual meeting set to outline the priorities of China’s economic policies of the year to come.
This year, China will hasten the pace of housing reform, create a way to mitigate financial risk and control macro-leverage, and reorient financial services toward the real economy.
China spent 5.22 percent of its GDP on education in 2016, according to a report released by the Ministry of Education in September.
On September 11, a consortium of eight private firms led by Shanghai’s Fosun Group signed a public-private partnership (PPP) contract with the Zhejiang provincial government to build a high-speed railway linking Hangzhou, Shaoxing and Taizhou. S
As China’s cities expand, local governments first appropriate rural land – usually from village councils instead of individual villagers – and then transform the land title to urban. They then sell it to real estate developers for a ‘land grant fee’