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China's central bank governor Zhou Xiaochuan said at an internal meeting on Monday that financial regulators need to prevent financial risks more proactively and effectively, to balance with economic growth.
China's auto sales hit 2.3 million in June, up 11.6 percent on a yearly basis, while monthly output witnessed a 22.5 percent increase to 2.33 million, according to the China Association of Automobile Manufacturers.
China will enhance efforts to further stabilize trade, support companies and minimize the COVID-19 epidemic impact on the global supply chain, commerce ministry officials said on Thursday.
China's central bank has skipped open market operations for the past week, citing sufficient liquidity in the banking system as rising fiscal spending near year-end is sufficient to offset impacts of maturing reverse repos.
China will cut VAT rates this year as part of a tax reduction package amounting to 400 billion yuan (.6 billion) to drive high-quality development, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.
来源：资阳报