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China's growth over the last 40-plus years has been called an economic miracle, but there are logical explanations for the country's achievements.

China's economy showcases strong growth momentum with GDP expanded 6.8 percent year-on-year in the first half of this year, up from the annual target of around 6.5 percent and within the range of 6.7 percent to 6.9 percent for 12 consecutive quarters.

China's new rules regarding the procedure to approve new Sino-foreign auto joint ventures will take effect on Jan. 10. The streamlined measures will further shift the longstanding practice of checking and ratifying for the administration of auto joint ventures to the management mode of filing for record or registration only.

China's cultural industry has seen robust growth in recent years. Last year, total revenue in the culture sector and related businesses hit 8.93 trillion yuan (.31 trillion), increasing 8.2 percent year-on-year, according to a survey by the National Bureau of Statistics of more than 60,000 enterprises across the country.

China's drive for electric vehicles, driven in part to combat urban smog, has put pressure on Toyota Motor Corp to rethink its earlier scepticism about battery-electric technology.