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China's prudent monetary policy will be "kept neutral and be neither too tight nor too loose". [Photo/Agencies]

China's role is vital. Over just a few decades, it has grown into one of our largest business sectors, while securing its position on the global stage. China is currently the largest market in the Asia-Pacific region. In terms of revenue by region, Europe accounts for 44 percent of the global market, with the US generating 18 percent and the rest of the world 38 percent.

Chinese President Xi Jinping (3rd R, rear), also general secretary of the Communist Party of China (CPC) Central Committee, Yu Zhengsheng (2nd R rear), chairman of the National Committee of the Chinese People's Political Consultative Conference, and Vice Premier Zhang Gaoli (4th R, rear) attend a gathering with people from non-Communist parties, the All-China Federation of Industry and Commerce, and those without party affiliation in Beijing, capital of China, Jan 22, 2017. [Photo/Xinhua]

China's software and IT services reported steady revenue and profit increases last year, official sources said.

China's power sector generates more than 60 percent of its electricity from coal and accounts for more than 3.5 gigatons of annual carbon dioxide emissions, almost double the European Union's carbon market and 10 times the size of California's cap-and-trade system.