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China is also working on what will be a "substantial" tariff reduction for imported cars, Chen Yin, chief engineer of the Ministry of Industry and Information Technology, said on Wednesday.

China has stepped up the supervision of financial holding groups. The government took control of private conglomerate Anbang Insurance Group in February. Its former chief Wu Xiaohui was sentenced to 18 years in prison for illegal fundraising and embezzlement on Thursday in the first trial.

China has so far restored about 60 percent of its passenger flight capability prior to the novel coronavirus pandemic, said Civil Aviation Administration of China on Saturday.

China is boosting efforts to increase the market supply of urgently needed masks to fight the novel coronavirus pneumonia outbreak, an official from the country's top economic regulator said.

China invested 449.6 billion yuan (.4 billion) in rail fixed assets in the first eight months of 2019,NDRC data showed.