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China has pledged to pursue a prudent and neutral monetary policy in 2017, with the M2, a broad measure of the money supply, to grow by around 12 percent, one percentage point lower than the 2016 target.

China is expected to lead the global economic recovery next year, with major economic organizations and economists projecting a robust performance by China's economy and foreign businesses remaining committed to the Chinese market.

China is the largest market for Hyundai and Kia, both subsidiaries of the Hyundai Motor Group, accounting for 23.5 percent and 21.5 percent, respectively, of their global sales in 2016.

China is the world's leading mobile payment market. In 2016, the value of mobile payments rose 46 percent from a year earlier to 157.55 trillion yuan (.8 trillion), according to the country's central bank.

China has pushed for SOE reforms, including the mixed-ownership reform and corporate reform, to inject vitality to a large number of previously underperforming enterprises.