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The change to a full year fall in sales, meant that CAAM now forecasts a 3 percent decline to 28 million this year.

The charging infrastructure (or lack thereof) is another problem. China is home to around 2 million new energy cars, but there were only 773,346 public and private charging poles at the end of July, according to the China Electric Car Charging Technology and Industry Alliance.

The central leading group for advancing law-based governance will exercise unified leadership in building the rule of law in China, including strengthening the execution of the Constitution, promoting constitutionality reviews and helping to improve legislation, according to the report.

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The central government said that new marine conversion projects - transforming water areas to land - will be subject to a strict approval process, and local authorities no longer have the power to approve such projects.

The challenge for the global economy, however, is to avoid a recession. There are fears that the often weak but nonetheless sustained recovery from the depths of the 2008 global financial crisis has now run its course and a correction is inevitable.

The central bank started to implement a targeted RRR cut last month, which allowed commercial banks whose annual outstanding or new loans in inclusive financing accounts for more than 1.5 percent of the total to enjoy a 0.5 percentage point RRR cut from the central bank's benchmark level.

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The central and local governments will be more open to providing information to help the international community better understand China, a senior official said on Monday.

The central bank's data is largely in line with the market's expectations, said Ming Ming, an economist with CITIC Securities. "In terms of future monetary policy, the central bank's move will be influenced by multiple factors. It is likely to maintain a neutral stand and we should not expect substantial monetary easing."

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The central leadership has stressed that poor people with disabilities should not be left behind while the nation works toward the goal of zero poverty.

The central bank will likely continue to drain funds from the financial system this week as liquidity conditions improve, China Securities said in an analysis note.