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China's elderly consumption market will hit 3.79 trillion yuan (7 billion) this year, according to a report released by the China National Committee on Ageing.
China's iron and steel industry made a strong comeback in the first three quarters of 2018 as the market stabilized and companies' profits increased, said the industrial association on Wednesday.
China's non-financial outbound direct investment (ODI) to countries involved in the Belt and Road Initiative totaled .4 billion last year, 12 percent of the total ODI, up from 8.5 percent in 2016.
China's economy has been gradually returning to normal due to the government's effective work and production resumption measures as well as the steps to contain COVID-19. The steps have bolstered the confidence of overseas investors, he said.
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.
