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China's Minister of Commerce Zhong Shan attends a press conference on China's domestic market and all-round opening-up for the second session of the 13th National People's Congress (NPC) in Beijing, March 9, 2019. [Photo by Feng Yongbin/chinadaily.com.cn]

China's automobile sales dropped 11.6 percent year-on-year to 2.39 million in September and the cumulative sales from January to September were 16.18 million with just 0.6 percent increase year-on-year, according to data from China Association of Automobile Manufactures.

China's VAT rate structure was further cut from four to three tiers－set at 6 percent, 11 percent and 17 percent－starting from July 2017, which led to tax cut of 14.7 billion yuan from July to December, according to a State Administration of Taxation official.

China's animation industry has grown steadily in recent years, with its gross output value in 2017 reaching more than 160 billion yuan.

China will promote further opening-up of services, manufacturing and mining in the next revision of its current negative list－a list that restricts market access to specified industries, Hu said, adding that UK companies can legitimately repatriate profits made in China back to the UK.