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China's automobile products could enter the international market via the export program, absorbing excess capacity, Luo told the newspaper. Meanwhile, secondhand cars exports can reduce the number of domestic abandoned vehicles and help reduce the pressure from environmental protection.
China will introduce further relaxed terms and refined procedures for deductions of the VAT in the manufacturing sector and come up with support policies for R&D and innovation in businesses, he said.
China's breakthrough in high-power fiber laser is also proving to be lucrative.
China will maintain a prudent monetary policy while keeping it flexible this year to ensure reasonably adequate liquidity, and it will strengthen adjustments to support economic growth, the People's Bank of China, the central bank, said in a statement on Sunday.
China will make more efforts to popularize smart manufacturing in sectors including raw materials, equipment, consumer goods and electronics, the Xinhua-run Economic Information Daily cited an unnamed official from the Ministry of Industry and Information Technology as saying.
来源：资阳报