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China has vowed to maintain a prudent and neutral monetary policy in 2018 to balance growth and risk prevention.
China is in the process of developing its first e-commerce law, and "social commerce should be governed by that as well", Yu said.
China is one of the most dynamic markets for proptech in the world, especially given the country's leadership in 5G technology. Artificial intelligence platforms for developers have been built, and AI technology behind self-driving cars is also seen as combining advanced consumer and industrial technologies.
China is facing the challenge of an aging society. By the end of 2017, the number of people aged 60 or above had reached 240 million, accounting for 17.3 percent of the country's total population.
China is currently in the midst of a long-term transformation of its national business model. Earlier growth was based on the nation's comparative advantage at the time－low-cost labor combined with good infrastructure and a business environment that was acceptable for low-wage manufacturing. This business model enabled China's growth for more than 30 years and allowed it to raise almost all of its people out of extreme poverty.
来源：资阳报