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China's lower-tier cities are stealing the residential property market thunder from bigger places as home prices continue to rise, thanks to fewer restrictions on purchases there.
China's environmental protection and excessive production capacity reduction moves, which have cut production in some sectors and pushed up their profits, may continue next year, which will boost corporate profits, the note said.

China's entrepreneurs have become the world's second largest billionaire group over the past five years, overtaking Russia's, according to a new report.
China's current account has been influenced by the novel coronavirus pandemic, largely due to weaker external demand and dwindling trade surplus in goods.
China's exports to the DPRK increased by 29.1 percent in the same period, but Huang said that was mainly driven by traditional labor-intensive commodities such as textiles, which are outside the embargo lists.
来源:资阳报