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China will use funds collected from tariffs charged on shipment from the United States to reduce impact of US trade move on Chinese companies and their employees, the Ministry of Commerce announced on late Monday.
China's EV charging service market is expected to create an industry worth 2.2 billion yuan (5.9 million) by the end of 2020, the Natural Resources Defense Council said.
China will further reduce taxes and fees to ease burdens on enterprises, firmly prohibit any new burdens from being enacted, research and promulgate new policies to substantially reduce taxes and fees, and ease the difficulties in getting financing for the real economy, the Premier added.
China's M2 growth target this year was set at around 12 percent, one percentage point lower than the 2016 target. Authorities have been careful not to hurt liquidity too much, to avoid financial turbulence and pressure on the real economy.
China's biggest oil and gas producer, China National Petroleum Corp, said earlier it would import more crude oil and natural gas from the US, while also considering involvement in the country's growing liquefied natural gas export industry.
来源：资阳报