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China-Arab trade reached 1 billion in 2016, and agreements on projects worth billion were signed between the two sides, up 40.8 percent from 2015. China's non-financial direct investment in Arab countries surged 74.9 percent.
Chinese Premier Li Keqiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits a poverty-stricken rural household in Shierzhou village of Sanchakou Township in Ulanqab, North China's Inner Mongolia autonomous region, Feb 1, 2019. Li went on a two-day inspection tour to North China's Inner Mongolia autonomous region from Friday to Saturday. [Photo/Xinhua]
China's recent moves to cut tariffs on more than 1,400 types of daily consumer goods aims to further open its doors and uphold the global multilateral trading system, senior officials said.
China's property market, once deemed a major risk for the broader economy, cooled in 2017 amid tough curbs such as purchase restrictions and higher downpayment requirements as the government sought to rein in speculation.
China's trade growth in the Jan-May period in dollar terms stood at 16.8 percent year-on-year, the highest in seven years, according to Liang Ming, director of the foreign trade institute with the Chinese Academy of International Trade and Economic Cooperation, a think tank with the MOC.