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China's annual imports from the Yamal natural gas project in the resource-rich Arctic region will further secure China's energy security with increasing supplies of the natural gas, which is currently experiencing a severe shortage especially in northern China, said an executive from China National Petroleum Corp.

China will slash import tariffs for automobiles and vehicle components starting July 1 as part of its efforts to further open up the world's largest car market, the Ministry of Finance said on Tuesday.

China will strengthen State-owned enterprises' mixed ownership reform, private companies' reform and property protection, said China's top economic regulator on Wednesday in Beijing, adding that it will also motivate entrepreneurship spirit and provide a better business environment in order to further promote reform.

China will open more areas to foreign investment, and tax benefits will be extended to a larger variety of investments.

China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.