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As for information sharing projects jointly constructed by different departments, a collective framework plan should be created and submitted to the NDRC.

As a result, gross profit of China's large mining companies climbed 31.9 percent yea-on-year to 146.7 billion yuan in the first 11 months in 2018. Meanwhile, profit of large and medium steel companies totalled 280.2 billion yuan, up 63.5 percent year-on-year, according to industry data.

As a pivotal part of the "dual circulation" development pattern floated by China's top leadership in May that encourages domestic and overseas markets to reinforce each other, the country's enormous market and expanding domestic demand during the holiday has gathered sound momentum for China's economy to further perk up.

As an important means to reduce SOE leverage, debt-to-equity swaps have been accelerated, allowing companies with long-term potential to exchange their debt for stocks, SASAC said.

As a result, the tax burden on major industries such as manufacturing should be significantly reduced, the tax burden on the construction and transportation industries should be eased and the tax burden on other industries should not be increased, it said.