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China has been able to improve its economic structure, transform the model of development and enhance the quality and efficiency of economic performance, thus strengthening the momentum of steady and robust growth, he said.
China has been pushing for tax and fee cuts to help businesses with hardships caused by the pandemic and weak external demand.
China encouraged market-oriented capacity cutting through mergers and acquisitions as well as improved financial support for the sector's reorganization.
China disposed of a total of 2 trillion yuan (around 8.75 billion) of non-performing loans last year, Huang Hong, vice-chairman of the China Banking and Insurance Regulatory Commission, told a press conference Monday.
China has a huge market, a complete industrial system and diverse consumer needs. It is also noted for its innovation and efficiency in the digital economy. As China opens its market wider, the world stands to benefit from the huge potential of its cooperation with China.
来源：资阳报