Eight keywords of China's economy in 2016

3.Two-way opening

China shall also promote high-level two-way opening up, optimizing the opening-up layout, reported Shanxi Economic Daily. The country shall also enhance quality trades, proactively promote foreign investment and international cooperation on productivity and equipment manufacturing, step up negotiations regarding free trade areas and investment treaties, and actively participate in global economic governance.

"First, China should implement projects such as the 'Belt and Road' and the Asian Infrastructure Investment Bank (AIIB) and Free Trade zones. Second, China should continue to transform the development of foreign trade from 'massive imports and exports' to 'quality imports and exports'. China will also mitigate the weakening export demand through attracting foreign purchasers with quality products and optimizing the export structure. Third, China will strengthen the openness of national economy to take better advantage of resources allocation optimization. Fourth, China will enhance global governance to address international pressure."

- Bai Ming, deputy director of the market research department at the Chinese Academy of International Trade and Economic Cooperation

Three expat tourists, wearing Christmas hats and Chinese old-fashioned military coats, pose for a photo at the Tian'anmen Square in Beijing, Dec 11, 2015. [Photo/IC]