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Chinese New Year falls on Feb 16 this year, and hundreds of millions of Chinese will return to their hometowns for family gatherings.

China's tax authority made remarkable progress last year in its reform efforts, achieving positive changes in tax system structure, technology and the administrative culture, according to a report jointly issued by the World Bank Group and PwC.

China's top 500 companies saw their total revenue reach 50.5 trillion yuan (.21 trillion), up 11 percent on a yearly basis, over half of the country's GDP that broke through 99 trillion yuan last year, according to a list co-released by Fortune magazine's Chinese edition and China International Capital Corporation Wealth Management on Monday.

China's southernmost island province Hainan has announced a plan to attract global investment and talent to advance its development as a pilot international free trade zone. Starting from the end of this month, Hainan will move to implement the plan by first organizing a 100-day investment event to entice overseas investors and talent, according to a government meeting held in Haikou on Tuesday.

China's population will peak and start to decrease in 2027 if the fertility rate - the total number of children a woman gives birth to in her lifetime on average - remains at the existing level of around 1.6, the report said.