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China has piloted the approach in some areas. Under the approach, government approvals are not required for most foreign investment and only investment on the "negative list" remains subject to approval.
China expects cars with some autonomous functions to account for 50 percent of new vehicles sold in the country by 2020, according to a government blueprint released in January.
China currently has 98 centrally administered SOEs. They gained a total of 1.4 trillion yuan (8 billion) in profit in 2017, up 15.2 percent year-on-year.
China has long been a second home for Honeywell and the company raked in revenue of .9 billion in 2017, a year-on-year growth of 25 percent, said Shane Tedjarati, president for Honeywell's Global High Growth Regions, which includes China.
China exported goods worth 11.86 trillion yuan (.71 trillion) in the first three quarters, up by 6.5 percent compared with the same period last year, according to the General Administration of Customs. At the same time, imports and exports of goods increased by 9.9 percent to 22.28 trillion yuan.
来源：资阳报