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China's M2 growth target this year was set at around 12 percent, one percentage point lower than the 2016 target. Authorities have been careful not to hurt liquidity too much, to avoid financial turbulence and pressure on the real economy.

China will see more solid foundation for agriculture, and more balanced development between urban and rural areas and between different regions. The country will also make great progress in developing a modernized economy.

China will gradually set up a modern communication system by 2020, the outline said.

China will take all necessary legal and administrative measures against the listed entities in accordance with China's foreign trade law, anti-monopoly law, state security law and other related laws and regulations, according to the MOC.

China's PV product exports rose 25 percent year-on-year in the first quarter of this year, the first such rise since 2012, according to CPIA data. Currently, India, Japan, Australia, Brazil and Pakistan are the major buyers of Chinese solar panels, according to the General Administration of Customs.