Structural reforms boost opportunities for global development

BEIJING - China will build on the forward momentum already established and continue its economic structural reforms throughout 2017, in an effort to provide more opportunities for global growth.

Deepening supply-side structural reforms, aimed at mid and long-term stable growth, will remain at the center, according to this year's Government Work Report, which sets the GDP growth target for 2017 at around 6.5 percent.

China's supply-side reforms began in 2016. Among the efforts planned for this year will be the expansion of capacity reduction from the coal and steel industries to sectors including coal-fired power, building materials and nonferrous metal, the National Development and Reform Commission said on March 6.