China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter.

Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy, forcing exchanges to suspend trade for the first time.

China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November, a private survey showed, dampening hopes that the world's second-largest economy will enter 2016 on steadier footing.

China’s central bank reiterated that it will aim for stability in the yuan as it seeks to promote exchange-rate reform and maintain prudent monetary policy.

Chinese leaders approved an economic blueprint for next year that emphasizes tackling long-term problems and reflects a realization that debt and investment can no longer power the world’s second-largest economy.

China's top leaders have started an annual meeting to map out economic and reform plans for 2016, state media reported on Friday.

As the labor supply declines and labor cost increases, China must strengthen the supply front to really create new supply and efficiency dividends through reform. Reform on the supply front requires the improvement of capital-formation efficiency for the next five years.

China’s economy, already in the midst of a half-decade deceleration, won’t arrest its downward trajectory until at least 2018.

The first Chief Executive of the Hong Kong Special Administrative Region (SAR) C.H. Tung argues that the success of the modern day China is not accidental. While globalization certainly contributed to China’s rapid growth and prosperous development, what Tung describes as "China miracle" is a result of the country’s efforts to ensure a smooth leadership transition, enact sound policies, as well as of the expansion of freedom that liberated the entrepreneurial and innovative spirit of its citizens.

Last month, China’s leaders revealed details of the 13th Five-Year Plan, which will guide the economy’s trajectory until 2020. Gone are the directives to expand industrial production at a breakneck pace that characterized previous five-year plans. Now, the focus is on achieving sustainable long-term growth, underpinned by domestic consumption, a stronger services sector, entrepreneurship, and innovation.