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China vowed to keep its prudent monetary policy "neither too tight nor too loose" and make counter-cyclical adjustments in a timely and moderate manner, the central bank said Friday in its second-quarter monetary policy report, adding that the country will not resort to flood-like stimulus policies.
China saw 13.82 million second-hand cars sold in 2018, up by 11.46 percent year-on-year. Sales reached 860.3 billion yuan (4.7 billion), up by 6.31 percent, according to the China Automobile Dealers Association.
China said on Monday that it had approved .74 billion of additional quotas for 13 qualified foreign institutional investors in the first four months of this year, which already exceeds the total quota approved in 2018. Among that, a total of .2 billion in quotas were approved for nine institutions under the QFII scheme in April, said the State Administration of Foreign Exchange, the country's foreign exchange regulator.
China plans to eliminate 100 million to 150 million tons of crude steel capacity and 500 million tons of coal in the five years from 2016. The country completed its 2017 tasks for capacity cuts in both sectors, according to the National Bureau of Statistics (NBS).
China welcomes US companies to actively participate in its market and will strive to create a fair and just environment, the Ministry of Industry and Information Technology said on Monday, citing a meeting it held with companies including Qualcomm Inc and General Motors.
来源：资阳报