China to boost output of cars, trucks, and trucks by 3 percent

China plans to increase output of new cars and trucks in the coming year to 3 percent from the current 5.7 percent, according to the country’s central bank, according in a statement on Thursday.

The plan is part of a wider plan to reduce the use of fuel by 20 percent in the next five years, according the statement, which also said the government plans to boost public transport to help meet the goal.

In 2015, the Chinese economy grew at an annualized annual rate of 7.9 percent.