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China pledges fully liberalized manufacturing sector, to reduce government intervention – industry minister

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China pledges to fully liberalize the general manufacturing sector with less direct government intervention, said the industry minister on Monday, amid overseas concerns about Beijing's open efforts to deploy state support and subsidies to boost industrial development.

“We will gradually reduce the government’s micro-management and direct intervention, in order to allow the market to effectively decide resource allocation and support the development of the manufacturing industry”, Miao Wei, minister of industry and information technology, said at the . . .

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