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China’s current account surplus expanded in nominal terms to billion, or 1.4 percent of the GDP, in the second half of 2017 from billion, or 1.5 percent in the second half of 2016. “But it remains significantly below its 2007 half year peak over 10 percent of GDP,” said the Treasury report.
China's shopping center comprehensive index, a barometer to evaluate development and operation conditions for shopping centers in major cities, stood at 67.5 in the first quarter of this year, increasing 0.3 from the fourth quarter of last year, according to a report on China's shopping center development index released by MOC.
China's urbanization process has been very rapid. In 1980, less than 20 percent of its people were urban dwellers, rising to 58 percent in 2017, according to the World Bank. This is a huge transformation in the lives of hundreds of millions of people.
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, speaks at the Central Conference on the Chinese People's Political Consultative Conference (CPPCC) Work, which also marks the 70th anniversary of the CPPCC, in Beijing, capital of China, Sept 20, 2019. [Photo/Xinhua]
China's top securities watchdog slowed down on approving A-share initial public offerings (IPOs), in a bid to quell liquidity drain and market volatility.