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China's insurance sector is expected to see double-digit growth this year. [Photo/VCG]
China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.

China's factory sector activity grew at its fastest pace in a decade in November, according to a business survey released on Tuesday.
China's exports of textiles to the US are expected to shrink if the US tariff list targeting 0 billion worth of Chinese goods takes effect, Li Jie, an analyst at Everbright Securities, wrote in a research note.
China's foreign trade volume rose to 25.14 trillion yuan (.8 trillion) between January and November, which is a 15.6 percent increase in comparison with the same period the previous year, the General Administration of Customs said.
来源:资阳报