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China has made decisive achievements in poverty relief and vowed to fully realize poverty elimination targets this year.

China has been supporting the consumption of cobalt and copper through its policies and strategic direction, including the purchase subsidies extension on new energy vehicles for two years to 2022.It is also encouraging that individual regions in China are taking exceptional steps to promote electric vehicles, including announcements of future bans on diesel and gasoline vehicle production and sales, he said.

China enjoys a stable economy and a sound fiscal revenue. According to the Ministry of Finance, the national general public budget revenue climbed to 10.43 trillion yuan (.56 trillion), a 10.6 percent year-on-year increase in the first half this year. Among the growth, the tax revenue increased 14.4 percent year-on-year to 9.16 trillion yuan while the non-tax revenue declined to 1.27 trillion yuan, down 10.8 percent compared with a year earlier.

China has announced a plan to develop advanced manufacturing and promote further integration of the internet, big data and artificial intelligence with the real economy.

China has been the largest market for new energy vehicles since 2015. More than 1.2 million electric cars and plug-in hybrids were sold last year, accounting for around 4.5 percent of total vehicle sales in the country, according to the China Association of Automobile Manufacturers.