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Profits at China's major industrial companies declined at a slower pace in March amid a steady recovery in industrial production, the National Bureau of Statistics said on Thursday.

China's top economic regulator announced on Wednesday it will take steps to encourage consumption and boost momentum, including stabilizing strong spending on cars, in a bid to consolidate the recovery trend this year.

China has mapped out an outline for boosting its strength in product quality, with a view to fostering high-quality development and promoting the country's transformation from a major economy to a stronger one.

China's contribution to world economic growth has exceeded that made by G7 countries during the past decade, showcasing the strong resilience and enormous potential of the economy, experts said.

China's contribution to world economic growth has exceeded that made by G7 countries during the past decade, showcasing the strong resilience and enormous potential of the economy, experts said.