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China's automobile industry is witnessing upgrading and transformation in 2019, and confronting more intensified competition, the association said. Vehicle safety, environmental protection, energy conservation and traffic congestion problems are also worth noting as the number of vehicles on the road increases, CAAM added.
China's central bank followed the Fed's rate hikes to lift the open market operation interest rate twice, in March and December last year, respectively. The moves were targeted to keep a relatively stable interest rate spread between the two countries and maintain a stable Chinese currency. It stood pat in June after the Fed's second hike this year.
China's carbon trade began in 2011. The market is open in seven provinces and municipalities and is expected to expand nationwide.
China's central regulators have released two guidelines to tackle corporate bond defaults. [Photo/IC]
China will reduce the cost of childbirth, parenting and education in the coming five years, and promote the balanced development of its population in the long-run, according to the Communist Party of China Central Committee's proposals for formulating the 14th Five-Year Plan (2021-2025), which was made public in early November.
来源：资阳报