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China's steel exports to the US plunged by 57 percent from 2.21 million tons in 2015 to 0.95 million tons in 2016, because four trade remedies, including anti-dumping (AD) and countervailing duty (CVD) imposed by Obama administration went into effect in 2016. At the end of 2016, 20 US trade remedies against steel mill imports from China were in effect.

China's recent tax reduction move will boost the growth of small and micro-businesses and encourage stronger technological innovation.[Photo/VCG]

China's top legislature will work to amend laws close to people's daily lives next year to enhance their sense of fulfillment, happiness and security, a senior legislator said.

China, he added, will overcome difficulties to prioritize the restoration and expansion of the production capacity in medical and anti-epidemic supplies, tighten up quality control measures, and provide as many resources as it can for the global fight against the disease.

China's yuan climbed to a 16-month high on Wednesday as the better-than-expected economic data reinforced the market's confidence in the country's recovery from the COVID-19 epidemic.