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China will accelerate developing laws and regulations governing the financial sector, improve macro prudential management and emphasize functional as well as behavioral regulation, according to Xi.
China unveiled a new guideline on Sunday designed to foster a better environment to support the reform and development of private enterprises. It was part of the country's larger drive to deepen reforms and foster high-quality development.
China plans to cut 30 million tons of ineffective steel capacity and 150 million tons of coal capacity in 2018, according to a government work report released earlier this year.
China opposes the unjustified crackdown on Chinese companies by the US, which violates its self-claimed status as the champion of market competition and international trade rules, he said, adding that the practice will damage the interests of investors from various countries, as well as the interests and image of the US itself.
China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transition, the government decides to achieve this goal by enacting policy in several phases. This year's subsidy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.
来源：资阳报