The performance of the Chinese economy in the first half of the year was steady and in line with expectations, Premier Li said.
During a meeting with business leaders, Premier Li said reform is the fundamental driver of China’s economic development.
Twenty-one provincial regions saw GDP growth exceeding the country’s 6.7 percent in the first half of 2016.
China’s state-owned enterprises (SOEs) posted a milder decline in profits in the first half of this year as the economy showed signs of stabilization, official data showed.
China’s economy has achieved moderate and steady development in the first half year of 2016, according to the NBS.
At the end of 2016, Chinese innovation is revolutionizing the technology industry.
The gathering momentum of new driving forces are causes for optimism on China’s economy in the first half of the year.
China’s economy grew slightly faster than expectations in the second quarter of 2016, stable from the first quarter and fueling hopes for a steady economic development.
China’s expanded business activity in the service sector in June shows the effect of restructuring as the economy moves away from reliance on manufacturing.
An open and comprehensive system of fee and price listing will be fully implemented in China to regulate enterprise-related fees.