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Challenge to traditional auto industry
Changan President Zhu Huarong said the investment will cover a number of things, ranging from car research and development to making batteries and building charging facilities.
Central SOEs realized 438.55 billion yuan in net profits in the January-June period, down by 37.7 percent from the same period last year and narrowing by 12.6 percentage points compared with the decline in the first five months, SASAC data showed.
Cargoes are loaded onto an aircraft of SF Airlines, China's largest air cargo carrier, at Hangzhou International Airport in Hangzhou, capital of Zhejiang province, on March 25. [Photo/China Daily]
Central banks need to raise interest rates to prevent commercial banks from taking excessive risks generated by over-lending, he said.
来源：资阳报