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BEIJING Michael Carter-Williams 76ers Jersey , Feb. 26 (Xinhua) -- Xiaomi fitness wristband overtook Apple Watch in 2015 in terms of shipments, becoming the world's second most popular wearable device, global market tracker IDC said this week.


When facing financial problems in 2012, Xiaomi producer Huami Inc., a Hefei-based startup, obtained loans amounting 3 million yuan (about 460 Maurice Cheeks 76ers Jersey ,000 U.S. dollars), which complied with the incentives package in which the government tried to encourage innovation entrepreneurship.


Second to Fitbit, Huami sold 12 million Xiaomi wristbands in 2015, or 15.4 percent of the world's total shipments of wearable devices, according to IDC statistics.


Hefei, capital of the previously farming province of Anhui which four decades ago ignited China's rural reform Markelle Fultz 76ers Jersey , now has elite national universities and research institutes, seeing its GDP expanding 10.5 percent in 2015 and dwarfing most Chinese cities.


President Xi Jinping believes innovation "an important weapon" to offset the economic slowdown amid a sluggish global recovery.


While the national economy was fighting strong headwinds after three decades' rapid growth, Xi and his associates actively promoted innovation, among other core concepts including coordination, green development, opening-up and shared prosperity.


China has entered a "new normal" phase of growth Justin Anderson 76ers Jersey , under which the economy will unlikely to see a V-shaped curve in the short run, instead an L-shaped one with slower rates but better quality.


In 2015, policymakers advocated supply-side structural reform as a remedy to economic woes to attain higher-quality, more efficient, fairer and more sustainable growth.


Supply-side structural reform aims to create a fertile and easier environment to encourage high-quality goods and services in a fairer market for all players.


As one result, probably Julius Erving 76ers Jersey , the value added into the hi-tech sector increased 10.2 percent year on year in 2015, quite noticeable if compared with an average of 6.1 percent growth for all major enterprises.


The service sector, for the first time, generated more than half of GDP last year, with services overtaking investment as the biggest pillar of economic expansion.


Per capita disposable income grew 8.9 percent in 2015, and end-user consumption contributed 66.4 percent to GDP.


The new thinking for sustaining growth is expected to endorsed by the national legislature Joel Embiid 76ers Jersey , which is to convene from next week.


The National People's Congress, or the legislature, would also debate on the 13th Five-year Plan from 2016 to 2020, during which the Chinese leadership vowed to complete the building of a moderately prosperous society in all aspects.


Credit Suisse Group Managing Director Dong Tao pinned high hopes on supply-side structural reform, saying better-off Chinese have huge consumption potential while enterprises are usually good at churning out steel, cement and low-end products which no longer fascinate consumers today.


Tasks Jerryd Bayless 76ers Jersey , however, remain quite challenging and the world's second largest economy needs to address tough issues such as weak industrial product prices, declining business profitability, slower fiscal revenue growth and financial and banking risks.


Related:


China Voice: Closing the "last-mile gap" in deepening reform


BEIJING, Feb. 25 (Xinhua) -- Chinese leaders did not pass any new proposals at their latest meeting on overall reform, the 21st of its kind Jason Richardson 76ers Jersey , but rather stressed one key word: implementation.


The word is crucial to the success of the nation's whopping reform projects across nearly all fronts, and hence to the well-being of people both in China and around the world.? Full story


China's Xi urges implementation of reforms


BEIJING, Feb. 23 (Xinhua) -- Chinese President?Xi Jinping?on Tuesday ordered officials at all levels to implement reform measures and address lingering problems to ensure the reform drive is successful.


He made the remarks while presiding over the 21st meeting of the Central Leading Group for Overall Reform.



HONG KONG, May 3 (Xinhua) -- Chinese basketball legend Yao Ming will lead an exhibition match in Hong Kong on July 30 through the annual "Yao Foundation Charity Tour", according to a news briefing here on Wednesday.


Yao, the founder of the Yao Foundation Jahlil Okafor 76ers Jersey , said he committed to charity through the "Yao Foundation Charity Tour" to raise funds to promote the development of China's rural education to help young people grow up physically and mentally.


"In the past 10 years, Yao Foundation focused on better education, higher self-esteem and improving health conditions for vulnerable, underprivileged children across China. I hope that the money raised will allow children in poor areas to create more opportunities and platforms to show themselves and enhance their participation in sports," added Yao.


According to Yao, the Chinese national basketball team will take on the NBA-star team in Hong Kong coliseum stadium.


Yao Foundation Isaiah Canaan 76ers Jersey , set up in 2008 after the massive earthquake in Sichuan Province, is now focusing on sports and education charity. It is the 7th year to host the annual basketball charity game by the foundation since 2010.


Maiden flight for C919 scheduled for May 5


Chinese scientists make quantum leap in computing


Key component of world's longest cross-sea bridge installed


Snow scenery of Tianshan Mountains in China's Xinjiang


Weekly choices of Xinhua photos (April 24 - April 30)


Undersea tunnel of HK-Zhuhai-Macao Bridge to be joined together


Artists perform Tango during Brussels Tango Festival 2017


Yoga lovers practise yoga amid hawthorn blossoms in Hebei



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