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As the listed arm of Chinese internet conglomerate LeEco, the company which went public in 2010 and had made profits in the seven consecutive years, expects a loss of 11.6 billion yuan for last year.

As the country seeks to shift the economy toward a growth model that draws more strength from services, the tertiary industry has seen fast expansion, with the number of market entities in the sector accounting for 77 percent of the total.

As there is still work to be done to improve monetary policy transmission mechanisms－or to funnel additional liquidity into the real economy, particularly small businesses and infrastructure investment, interest rate cuts may translate into asset bubbles, instead of stronger economic expansion, Zhang Jun wrote in a note.

As the economy may face strong headwinds in 2019, local governments have prepared "a large number of projects that are able to play a role in stabilizing the economy", said an official at a provincial bureau of the commission, who declined to be identified.

As the Chinese economy undergoes major changes, Yili has seized new opportunities through innovation and new products.