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Chinada's global CEO Jee Sungeun. YANG HAN/CHINA DAILY
China, the world's biggest vehicle market, will phase out the production and sale of fossil fuel cars in the near future, which will give the new energy vehicle sector a major boost, according to experts.
China's steel industry notched up a creditable achievement last year. It improved product quality, which helped increase prices and boosted companies' financial performance. All this was made possible by rigorous capacity cuts, in response to the government's call to the sector to deal with overcapacity, rationalize and modernize.
China's upgrading consumption structure is gravitating the retail industry toward an emphasis on convenience, diversity and hands-on experience, according to Gao.
China's overseas investments witnessed high-speed growth in the past several years and have played a pivotal role in supporting the global economic recovery, according to a report released by the National Development and Reform Commission, the nation's top economic regulator, on Thursday.
来源：资阳报