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China Southern Power Grid Co Ltd, for instance, has funded the Vinh Tan 1 thermal power plant located in Vietnam's southern Binh Thuan province, together with China Power International Development and the Power Corporation of the Vietnam National Coal-Natural Industries Corporation.

China also continued to make headway in its supply-side structural reform, the bureau said. For example, the asset-liability ratio of major enterprises was 56.4 percent at the end of March, 0.8 percentage point lower than a year ago.

China International Capital Corp, known as CICC, said in a report that the construction machinery sector is projected to remain stable this year, as several measures aimed at stabilizing infrastructure would roll out.

China aims to open around 10 national development zones to seek solutions to sustainable growth, according to a State Council plan released in December 2016.

China also reinstated the 25 percent penalty duty on imports of US-made cars and car parts, bringing the total tariff on the sector to 40 percent.