10 keywords for China's economy in 2017

As the year 2017 draws to an end, let's take a look at 10 keywords for China's economy this year.

The keywords are drawn from the country's top 10 economic news stories ranked by Economic Information Daily, based on the coverage of stories by 13 news organizations including People's Daily, China National Radio, China Daily, and China Youth News.

1 Xiongan New Area

On April 1, the central government announced it would develop Xiongan New Area in North China’s Hebei province, about 100 kilometers southwest of downtown Beijing. It will be the third national special economic zone after Shenzhen Special Economic Zone and Shanghai Pudong New Area.

According to a circular issued by the Communist Party of China (CPC) Central Committee and the State Council, the move will help phase out non-capital functions from Beijing, explore a new model of optimized development in densely-populated areas, and restructure the urban layout in the Beijing-Tianjin-Hebei region.

The new area will cover around 100 square km initially and will be expanded to 200 square km in mid-term and about 2,000 square km in the long-term.