The auto market as a whole has returned to positive growth starting from April, with auto sales increasing 4.4 percent and 14.5 percent year-on-year respectively, according to the China Association of Automobile Manufacturers.
The bill will be submitted to the Diet later on Friday, with the government expecting it to come into effect by the end of the current Diet session in mid-June.
The author is chief of the China Daily EU Bureau based in Brussels, Belgium.
The benchmark rate has been on hold since late 2015, remaining at 1.5 percent.
The bilateral friendship is unbreakable, and the country will stay committed to furthering the comprehensive strategic cooperative partnership between the two sides and between China and Africa, he said.
The biggest highlight at its booth is the long-wheelbase Sagitar sedan. Based on the new MQB platform, the model boasts innovative features in design, comfort, safety and space.
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The benchmark Shanghai Composite Index shed 5.84 percent to finish at 2898.70 points by the end of May, while stocks on Wall Street were hit sharply, with the S&P 500 losing 6.58 percent over the month to close at 2752.06 points.
The automaker sold 71,508 cars in China last year, up 10 percent year-on-year, said Sheng Tantzscher, acting president and CEO of Porsche China, on Thursday.
The author is director-general of the World Trade Organization.
The auctions will be held on Nov 1-2 this year, as well as in May and November of 2019, which marks the 50th anniversary of the Apollo 11 mission.