Minister: China achieves all-round development in 2017

Updated 2018-03-06 13:41:01

China achieved steady growth, advanced reforms, made structural adjustments, improved living standards and guarded against risks in 2017, said top Chinese official on Tuesday in Beijing.[Special coverage]

He Lifeng, minister of the National Development and Reform Commission, made the remarks at a press conference on the sidelines of the ongoing annual session of the National People's Congress, China's top legislature.

Top economic planner says fully confident in 6.5% annual growth

He expressed confidence in achieving the 6.5 percent annual growth target as domestic consumption is expected to become a larger force driving economic development.

With further development in emerging industries and the modern service sector, consumption is likely to contribute around 60 percent to economic growth in 2018.

Investment will contribute one third to this year's growth as China will also push forward investment, especially on the real economy.

For foreign trade, He said it will grow steadily and drive 8 to 9 percent of growth as long as the world economy keeps a stable growth.

China to take new measures to boost foreign investment

China will take a series of new measures this year to solicit more foreign investment, said Ning Jizhe, deputy head of the National Development and Reform Commission.

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