The Central Economic Working Conference held last December has put forward the proposal that SOE reforms be accelerated.
The Chinese government's practice and experiences in this area provide a strong reference for governments across the globe to learn from.
The China Emissions Exchange (Guangzhou), the largest local carbon market in China. [Photo/Sipa]
The Chengdu Research Base of Giant Panda Breeding, located in the provincial capital Chengdu, reopened all its facilities except a panda-themed theater.
The Chinese auto market as a whole has returned to positive growth starting in 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 Chinese government has also recently announced measures to improve the availability of credit for the private sector and reduce taxes on it.
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The Chinese animated feature film Lotus Lantern produced by Shanghai Animation Film Studio marked a milestone in the domestic animated movies.
The Chinese government has vowed to remove foreign ownership restrictions in the securities, fund management, futures and life insurance industries next year.
The China Automobile Dealers Association also submitted reports to the China Banking and Insurance Regulatory Commission, the Ministry of Commerce and related authorities, hoping they offer industry-specific policy support to combat the challenges brought by the outbreak, including simplifying review and approval procedures on debt extension, increasing credit limits, accelerating lending efficiency and lowering the cost of financing.
The China-Laos Railway, the China-Thailand Railway and a high-speed line linking Jakarta and Bandung in Indonesia, have all adopted Chinese rail standards and technologies, he said, adding that the projects will spur economic growth along the rail routes.