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Last year, China eliminated coal production capacity by over 290 million tonnes and steel by more than 65 million tonnes, both beating government annual targets.

Last year alone, China spent 801 billion yuan on railways and put 3,038 km of new track into operation, meeting its annual targets for the year of 800 billion yuan of investment and 2,100 km of new lines.?

Last year, 495,200 new market entities were established in the region, up by 12 percent from 2016, the chairman said.

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Last year, China harvested 657.9 million metric tons of staple food, said the Ministry of Agriculture and Rural Affairs. Meanwhile, the world's second-largest economy imported 20.46 million metric tons of staple food and 88.03 million tons of soybeans, according to the General Administration of Customs. These figures show the structural imbalance of the agricultural sector, meaning the country should adjust where and what to grow nationwide.

Last week, US President Donald Trump signed a memorandum for a plan that could impose tariffs on up to billion of imports from China and curb Chinese investment in the US.

Lardy said the attention on China reflects China's success. India's economy was about the same as China's four decades ago, but now only a fifth of China's size.

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Last year, the Civil Aviation Administration of China provided 1.02 billion yuan (5 million) in subsidies to the regional aviation sector. CAAC said the establishment of new airlines should be strictly controlled, and it also said the government will support the establishment of new regional airlines.

Laos will continue to accelerate cooperation in major projects such as the building of the railway and further promote the prosperity of both nations and the region.

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Last year, Ctrip acquired one of the largest travel search engine in the world Skyscanner. This will further enhance the influence and competitiveness of Chinese tour companies in the world.

Last year, Xicheng added 27 green leisure spaces and 66 mini green plots, while Dongcheng built 10 pocket parks, according to local authorities.