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China's exports of new energy vehicles will grow fast in coming years as they are on track to gain popularity in major car markets, said the Ministry of Commerce.
China's market entities have surpassed 100 million units in mid-March this year, including over 31 million enterprises. "The increasing number of market entities indicates that China's market vitality is increasing. The supply-side structural reform in the past two years has achieved substantial progress. The government's administrative reform and transform government functions, especially some measures to reduce cost and improve the business environment had positive progress," Niu said.
China's industrial output accelerated and retail sales grew for the first time this year, beating analysts' forecasts.
China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures to reduce the local debt burden.
China's growth has been based on building closer ties with partners, especially in South America, said Jose Luis de la Cruz, director of Mexico's Institute for Industrial Development and Economic Growth.
来源：资阳报