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China's securities industry has developed rapidly since the 1990s. By now, China's stock market capitalization ranks second worldwide, contributing over 10 percent to the global market capitalization, Shao Yu, chief economist at Orient Securities, told China Securities Journal.
China, which is still the largest foreign holder of US Treasuries, held .121 trillion of US Treasuries in November, down by .5 billion from the previous month.
China's total retail sales of consumer goods reached 29.7 trillion yuan in the first 10 months of last year, up by 10.3 percent year-on-year, according to official data. Consumption expenditure during that period contributed about 64.5 percent of economic growth.
China's total energy output is expected to reach 3.6 billion metric tons of standard coal in 2017, among which non-fossil fuel accounts for 17.6 percent, 6.4 percentage points higher than that in 2012, according to Economic Daily.
China's top economic planner earlier released a plan prompting platform enterprises to offer SMEs cloud technologies as part of efforts to lower the costs for SMEs and spur their vitality.