China plans to continue its drive to reduce excess production in the steel sector next year and more market- and law-based methods will be adopted in reducing production capacity of nonferrous metals and building materials sectors, said a top official of the National Development and Reform Commission (NDRC).
He Lifeng, director of the NDRC, vice directors of the NDRC Zhang Yong and Ning Jizhe, take questions on China's economic and social development and macro-economic control.
China is in a favorable position in achieving its goal of keeping consumer inflation at around 3 percent this year, said a top official from the National Development and Reform Commission (NDRC) on Monday.
A prominent economist has predicted the United States won't follow through on President Donald Trump's strong rhetoric and label China as a currency manipulator.
Taxation of companies will be further reduced this year as China aims to maintain the same budget deficit as in 2016, Premier Li Keqiang said as he delivered the Government Work Report on Sunday.
China will further open up its markets to the world through robust engines, Premier Li Keqiang said on Sunday.
The annual government work report, delivered by Premier Li Keqiang at the opening meeting of the annual session of the National People's Congress (NPC), China's top legislature, set the GDP growth target at around 6.5 percent, or higher if possible.
Supply-side reforms will continue to be a priority to improve the quality of the economy, and more attention will be paid to cutting overcapacity and fending off financial risks in the property market.
Each year, China's most-experienced reporters, armed with the best broadcasting equipment and latest multimedia technologies, cover the annual sessions of the top legislature and advisory body in Beijing.
Govt planning to cut excess housing, increase land supply in smaller cities
