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China will accelerate the issuance of local-government special bonds, the Ministry of Finance announces in a circular on July 29. [Photo/Sipa]

China will continue to reduce taxes and fees in the second half of the year as part of its efforts to save costs for enterprises and bolster employment, according to top tax authorities.

China proposed on Thursday a special China-ASEAN leaders' meeting on novel coronavirus pneumonia to be held at an appropriate time to plan and guide cooperation from a higher level.

China plans to set up domestic waste classification systems in 46 major cities by next year, and all the cities at prefecture level and above, about 300, should have similar systems to classify and dispose of trash by 2025, according to the Ministry of Housing and Urban-Rural Development.

China issued green bonds worth .5 billion in the first three quarters of 2018, surpassing the .9 billion issued in the same period of 2017. The amount of green bonds issued in the third quarter alone reached .5 billion, of which 49 percent is aligned with international green bond definitions, according to a newsletter released by China Central Depository & Clearing Co Ltd.