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Economists say Asia will ride B&R to robust growth in future

Despite a shaky global recovery and rising trade protectionism, the Asian economy will maintain robust growth in the upcoming years, as countries in the region deepen economic cooperation and benefit from the Belt and Road Initiative, renowned economists and officials recently said at the Boao Forum for Asia annual conference.

Tariff, tax cuts to boost real economy

The nation will cut import tariffs on automobiles and other products as early as possible, as part of the country’s initiative to further open up, Vice-Minister of Finance Cheng Lihua said on Wednesday.

Reforms to make SOEs stronger

China will boost the efficiency of its State-owned enterprises with market-oriented principles in the next round of the nation’s opening-up so they can better compete in overseas markets, the head of the State-owned assets regulator said on Wednesday.