(MENAFN) China is well committed to adopting stronger agendas to support and boost economy's growth, driven by its urging will to contain the growing fears about the world's second-largest economy.
China is working hard to achieve its 2015's growth target of around 7 percent, thus it's accelerating major construction projects, allowing more small companies to benefit from tax cuts, and encouraging private capital to invest in key areas.
Economic growth stood at 7 percent in each of the first two quarters this year, all thanks to the measures taken to bolster growth and curb falling share prices, with cutting interest rates last month for the fifth time since November.
"China's economy has been placed under new pressures recently as uncertainties were added into the world recovery after turmoil in the global financial markets," said the ministry of finance.
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