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China has said it will target high quality growth, with the service sector and high-tech industries gaining strength.
China is also forecast to have 450 million 5G connections by 2025, the most worldwide, driven by significant operator investment and growing enthusiasm among consumers and enterprises, it said.
China has the world's third largest bond market, which is growing rapidly and opening wider to overseas investors.
China is scheduled to release a set of key economic data for December this week including consumer price index, social financing, money supply growth and foreign direct investment.
China has prioritized protecting SMEs, workers, and poor people. On the other hand, the US bailouts, quantitative easing and stimulus packages after the 2008-9 Global Financial Crisis largely went to supporting large monopolistic companies and made income inequality even worse. As an American, I hope the US gets its priorities right so this does not happen again.
