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The country has been pushing supply-side structural reform to promote a balance between demand and supply.

The corridor is expected to offer a shorter and more direct trade route between western China and Southeast Asia, and will lower logistics costs, enhance cross-border trade flows, and catalyze the economic development of both regions, in particular the provinces along the corridor, said the minister.

The country should work to build a secure and stable northern border, he said.

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The corporate leverage ratio continue to decline. Debt-asset ratios of major industrial firms dropped 0.8 percentage points year-on-year to 55.9 percent.

The country also plans to use ethanol gasoline by 2020, according to the National Development and Reform Commission, and the National Energy Administration or NEA.

The country will maintain a proactive fiscal policy stance in 2019, with a higher deficit-to-GDP ratio to leave policy space to address potential risks.

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The country will press ahead with industrial capacity cooperation with partners from the Association of Southeast Asian Nations in such fields as "clean energy, modern communications, cement, electricity, and iron and steel", Zhang said.

The cooperation will be focused on integration, not only of speech recognition technology, but also Internet of Vehicles technology and vehicle designing and manufacturing. The partnership was announced in Hefei, capital of Anhui province, where iFlytek is headquartered.

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The country strictly supervises the companies to ensure that the food meets both national standards and the standards of the destination countries and regions. For many years, virtually all food produced in China for export is up to standards, the administration said.

The country plans to invest between .5 billion and billion to upgrade the East-West highway and the country's freight train network, and build the Anaklia deep sea port mainly for bulk vessels, with an annual handling capacity of 100 million metric tons of cargo.