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China's fixed-asset investments grew more than expected in 2017, but recorded the slowest annual growth pace since 2000 as authorities stepped up efforts to rein in local government debt and financial leverage continued to fall, official data showed on Thursday.

China's industrial enterprises registered their highest profit growth in six years in 2017, due to overcapacity cuts and cost reduction efforts, and analysts said the trend of steady industrial profit growth may continue this year.

China's law against unfair competition stipulates that anyone using advertising or other means to make false or misleading claims about goods will face fines of up to 200,000 yuan (,570), and income derived from such publicity will be confiscated.

China's fiscal policy remains proactive this year, but is bolder in terms of tax and fee cuts and focuses more on efficiency in the allocation and use of fiscal funds, Liu said in an article posted on the ministry's website Thursday.

China's college graduates are leaving first-tier cities for second-tier ones, according to the annual College Graduates' Employment Report issued on Monday.