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China's central leadership has called for building stronger confidence in China's culture and underscored the task's importance to rejuvenate the Chinese nation.
China's annual amount of tax and fee cuts in 2019 is expected to total 2.36 trillion yuan. [Photo/VCG]
China will expand the pilot regions for more convenient trade settlements and improve the management framework for cross-border capital flows for better protection against external shocks, according to a statement on the SAFE website.
China would rather rely on market-oriented forces to determine the renminbi's value than defend its currency by dipping into its trillion foreign exchange reserves amid trade disagreements, analysts said.
China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas under the country's new "dual-circulation" development paradigm, according to the Ministry of Finance.
来源：资阳报