The State Council’s executive meeting on Sept 27, presided over by Premier Li Keqiang, decided to further push forward mixed-ownership reform and the restructuring of central SOEs.
China’s economy continued its firm growth in the first three quarters, with gross domestic product expanding 6.9 percent.
China’s value-added industrial output expanded 6.7 percent year-on-year in the first nine months of this year, faster than the 6-percent increase a year ago.
China’s rail freight volume, an indicator of economic activity, registered steady growth of 14.6 percent to 2.76 billion tonnes in the first three quarters of the year, data showed.
Latest regional economic indicators show that high-tech and strategic emerging industries are fueling growth momentum.
In recent years, China has seized the opportunities arising from changes in the world economic landscape.
China’s economy has a solid foundation for continued stable growth, economists said, predicting an annual expansion of 6.8 percent for 2017.