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Different policies for different housing will support first-home buyers and upgraders in China and curb speculation in 2018, Wang Menghui, minister of housing and urban-rural development, said at a meeting last month.

Digital components to play a more important role in overall automotive production in future

Doctors from the Second Affiliated Hospital of Zhejiang University School of Medicine in Hangzhou, Zhejiang province, perform an eye operation wearing 3D glasses. [Photo/for China Daily by Lin Yunlong]

Development of internet finance has helped broaden the financial reach, improved efficiency of financial services, given Chinese more investment options, and helped some small businesses get badly needed loans.

Despite the rising cost and low stocks available, the sale performance of heavy machinery remains strong due to the increasing projects both home and abroad. According to a China Construction Machinery Association's report, Chinese excavator manufacturers will see their sales soar by 50 percent in 2017 from the previous year.