China will further expand the industry catalog of sectors encouraging foreign investment, authorities said. The new list will add 238 more items, while up to 114 existing ones will be modified with expansion, said a notice issued by China's National Development and Reform Commission and the Ministry of Commerce (MOC).
Eyeing infrastructure as a pillar for economic and social development, China's central authorities have vowed to build a modern infrastructure system and strengthen infrastructure construction in an all-around way.
Despite COVID-19 flare-ups and increasing downward pressures on the economy, multiple global financial institutions have increased their presence or plan to do so in the Chinese market, casting a vote of confidence in the prospects of the world's second-largest economy.more
China has taken various measures to ease the burden that COVID-19 has placed on businesses. Major state-owned banks are expected to increase inclusive loans for micro and small firms by 1.6 trillion yuan this year to step up financial support for businesses.more
China's output of new energy vehicles (NEV) batteries surged 183.5 percent year on year to 129.6 GWh in the first four months of the year, industrial data showed.
China's cargo transportation has recorded steady recovery as the country introduced multiple measures to ensure smooth logistics and supply, a transport official said Wednesday.