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China's prudent monetary policy will be "kept neutral and be neither too tight nor too loose". [Photo/Agencies]

China's pork supplies and prices will stabilize in the period ahead thanks to the steady recovery of pig production capacity, the country's top economic regulator said on Thursday.

China's pork production is expected to recover gradually and return to normal by 2021, according to an action plan released on Friday by the Ministry of Agriculture and Rural Affairs.

China's total production and sales of new energy vehicles is expected to reach 5 million by 2020. As the average lifespan of power batteries is about five to eight years, according to Gao Gong Industry Institute, a Shenzhen-based research firm, China will see the amount of redundant batteries hit about250,000 metric tons in 2020, almost 20 times that of 2016.

China's postal and courier enterprises have handled 83,400 tons of materials for the prevention and control of the coronavirus epidemic as of Sunday, according to the bureau.