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China will take more concrete steps to further its supply-side structural reform and push for high-quality development in 2018, focusing on cutting overcapacity and fostering new growth drivers in the real economy, said officials and analysts.
China's Ministry of Industry and Information Technology disclosed in September that the country had started research on a timetable to phase out production and sales of fossil fuel cars.
China's M2 growth rate slowed to 8.2 percent in March, down from 8.8 percent in February and 8.6 percent in January. Yuan-denominated new loans also showed slower expansion in the first quarter compared with last year, according to data from the People's Bank of China, the central bank.
China will encourage foreign institutions to raise funds through renminbi-denominated bonds in the interbank bond market, as part of efforts to accelerate the opening-up of the financial market and improve the renminbi's internationalization.
China will reduce the cost of logistics and improve efficiency to spur the real economy, according to a guideline approved at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
来源：资阳报