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At the annual meeting of the International Monetary Fund and the World Bank in Washington Sunday, PBOC governor Zhou Xiaochuan said the economy will likely expand 7 percent year on year during the remainder of 2017 thanks to booming household consumption.

At the time, few parents in the village kept their children in school past primary level because they wanted them to earn money and help support younger siblings.

At the fourth plenary session, the CPC Central Committee will hear a report from the Political Bureau on its work, and discuss important issues concerning how to uphold and improve the system of socialism with Chinese characteristics and make progress in modernizing China's system and capacity for governance, according to a statement issued after the meeting.

At the "Smart Nanjing" center, run by the Nanjing Municipal Commission of Economy and Information Technology, Li spoke highly of the center using internet-based technologies to get government approvals done online, calling it a highlight for administrative streamlining.

At the opening ceremony of the first China International Import Expo, President Xi Jinping announced new measures of further opening-up, which will be implementedexpeditiously. To develop a high-qualityopen economy, China will further reduce tariffs to increase import, steadily widen the opennessof the financial sector, speed up the opening of telecommunications, education, medical care and cultural sectors. China will also support its pilot free trade zones in deepening reform and innovation, and explore the development of free trade ports in light of China's conditions. Many transnational companies have decided or are planningon a new round of investment in China. Companies of Singapore and other countries are welcome to get a head-start in exploitingthe aboveopportunities.