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China reported faster-than-expected 6.9 percent GDP growth in the first half of the year, setting the country on course to comfortably meet its 2017 target of about 6.5 percent.
China plans to raise its defense budget by 8.1 percent in fiscal 2018, setting the figure at nearly 1.11 trillion yuan (5 billion).

China put in place a financial stimuli plan for electric cars, plug-in hybrids and fuel cell vehicles in 2009, but officials have been cutting subsidies, most recently in June, and will stop them altogether by the end of 2020.
China still has sufficient monetary policy space and tools, and is the only country that still leveraged conventional monetary policy, according to Ma.
China looks to strike a balance between meeting financing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
来源:资阳报