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Deepening SOE reform is key to cutting industrial overcapacity. Such reforms are helpful in improving SOE governance in accordance with market rules, letting market forces play a fundamental role in allocating resources, according to experts.

David Kenny helps Nielsen to exploit analytics opportunities in consumption upgrade in China

Data released last week indicated that the global economy faces a disappointing end to the year. The flash IHS Markit manufacturing PMI of the eurozone fell to 51.5 in November, the lowest since May 2016, while that of the United States slowed to 55.4 from 55.7 in October. The flash Nikki Japan manufacturing PMI also fell to a two-year low of 51.8.

Dalian registered 6.5 percent economic growth in 2016, the only city with any significant growth in the whole province. The city imported nearly 180 billion yuan of goods last year, and exported over 160 billion yuan, more than half of the province's total.

Deals that were finalized during the trip include an agreement between Kids Can Press/Corus Entertainment and MAMA+ Inc designed to build a love of reading and English-language literacy in Chinese children up to 14 years of age.