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China's insurance sector is expected to see double-digit growth this year. [Photo/VCG]
China's efforts to rapidly reduce poverty in recent years is "very respectable", he said, adding that there is a lot of work for China to do, because there are still many poverty-stricken people who must be lifted out of poverty by 2020 under the Chinese government's plan.
China's major oil and gas giants expect their net profits and net incomes to surge for the first half of this year, benefiting from the revival in crude oil prices, but analysts believe high earnings growth will be hard to maintain in the second half as oil prices are unlikely to rise much above current levels.
China's foreign trade sustained its upward momentum in October with notable growth and improved structure, the country's official data showed Saturday.
China's major industrial firms may continue to face challenges in profit-making in the coming months.
