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China's economic growth has lifted over 750 million Chinese out of poverty, the greatest success story in human history. In late 2012, when Xi became China's senior leader, there were about 100 million Chinese who would remain intractably poor. Xi asserts that China cannot be a "moderately prosperous society" by 2021－China's first national goal－if any of its citizens live below the line of absolute poverty. Hence, Xi mobilized the Party and the country to fight poverty.

China's consumer price index, a main gauge of inflation, rose by 4.5 percent year-on-year in December, the same as the previous month, breaking a three-month streak of rising consumer inflation, the National Bureau of Statistics said on Thursday.

China's five-year treasury bond futures opens higher on Tuesday. [Photo/Sipa]

China's imports jumped 20.9 percent year-on-year to 11.29 trillion yuan (.71 trillion) during the first 11 months of the year, on the back of strong domestic demand for commodities, electrical and mechanical products, the General Administration of Customs said on Friday.

China's huge and fastgrowing market has acted as a catalyst. Data by China Market Monitor, a market analysis company, said the sales of laser TVs in China more than tripled in the first half of 2018. Data service provider AVC also said sales of laser projectors in China increased 48 percent to reach 162,000 sets in the same period.