Premier Li made the first inspection tour of 2016 on Jan 4 and 5 in north China’s Shanxi province, which is known for large coal reserves and output.
The relationship between Chinese and US economies continued to grow in 2015, with China surpassing Canada to become the United States’ largest trading partner in November.
China saw an upsurge in mass entrepreneurship and innovation, with a Nobel Prize win and tens of thousands of new businesses.
The country’s service outsourcing industry continued to grow in 2015, with both onshore and offshore contracts posting remarkable increases in value.
Consumption contributed 66.4 percent to the GDP in 2015, becoming a stronger force driving economic growth.
China’s economy expanded 6.9 percent year-on-year in 2015, according to data from the National Bureau of Statistics.
The economic slowdown indicates the progress of China’s strategic shift away from a dependence on investment and exports toward more sustainable growth driven by consumption and innovation.
China’s economic data in 2015 indicate that its economic transformation is starting to take effect, said a Russian expert.
China is definitely on track in terms of its real GDP growth, said Jim O’Neill, British Commercial Secretary to the Treasury.
Director of International Monetary Fund says China’s economic growth model is going through a legitimate transition.
Chinese home appliance makers are giving dimensions of reality to the Internet Plus strategy championed by Premier Li Keqiang.
Online connectivity is bringing changes to almost all sectors of China’s economy, and has become key to economic reform.
Mass entrepreneurship and innovation leads to signs of economic improvement amid tough downward pressure.
The trend to greater reliance on consumption rather than investment and industry is one the government has long said it wants to encourage.
Services are now the main drivers of China’s growth. In the third quarter, healthcare, education, law and accounting boosted China’s growth figure.
“Underlying conditions are subdued but stable,” said Julian Evans-Pritchard, an analyst at Capital Economics in Singapore.