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Analysts say that after the yuan exchange rate against the dollar hit a six-year low level in December, the yuan's performance against the greenback has been steady after the US currency lost its upward momentum.

And since 2016, the authorities have pledged to pull at least 10 million people out of rural poverty each year. In the same year, the one-child policy was officially relaxed nationwide and recent announcements are pointing toward even providing financial incentives for families who expand beyond three members.

Analysts also said China's shift to focus on dealing with the three major tasks next year will help improve its ability to innovate.

Animal husbandry, a traditional source of income, has been boosted by the Runze Breeding Co, i

Analysts believe the solid economy provided the foundations for improving corporate profits. China's GDP expanded 6.9 percent year on year in 2017, picking up pace for the first time in seven years.