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China tax cuts to benefit individuals in 2018
China must rely on its own efforts, Xi said Tuesday at the dam, which lies on the Yangtze River near Yichang city, Central China's Hubei province.
China should continue to reduce excess capacity, curb credit, lower debt leverage in the corporate sector and reform state-owned enterprises, said Sudhir Shetty, chief economist of the World Bank's East Asia and Pacific Region.
China will also intensify punishments for violators of product quality standards and establish a blacklist system, the guideline said.
China will continue to implement a prudent monetary policy in the second half of the year, according to a meeting of the Political Bureau of the Communist Party of China Central Committee on Tuesday.
