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China will extend the second round of rural land contracts by another 30 years upon their expiration, Li said, stressing the role of reform and innovation in building powerful new growth drivers for rural development.
China's CPI rose 1.5 percent year-on-year in January, down from December's 1.8 percent, and well within the government target of around 3 percent.
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 GDP growth reached 6.9 percent in the second quarter of this year, and it may ease moderately in the second half, but there would not be any "hard landing", he said. "Economists generally agree that the Chinese economy has dropped to the lower band of the L-shaped trajectory; I think it is still possible that growth may continue to fluctuate and even further drop a little bit, but there would not be the danger of an economic hard landing."
China's central bank has determined it will cut the one-year interest rate of the medium-term lending facility (MLF) to 2.95 percent, down from 3.15 percent, a statement said on Wednesday.
来源：资阳报