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China's electric carmaker BYD had the most complaints last year, followed by Mercedes-Benz, BMW, Buick and Audi, according to a report by the China Consumers Association.
China's first national-level legal regulation on public-private partnership projects is in the pipeline, to prevent the expansion of local governments' contingent liability, as infrastructure is supporting economic growth, according to a senior official.
China's commercial space industry has made remarkable progress in recent years.
China's non-financial outbound direct investment fell 45.8 percent year-on-year to .19 billion in the first half of the year, the first decline since 2015, official data showed, as the government moved to curb radical and risky investment by Chinese companies in sectors such as property, hotel, sports and entertainment.
China's major steps in reviving the economy include the following: 1) Large monetary stimulus has been used, but with emphasis on limiting the increase in private or public debts. 2) Fiscal stimulus has focused on infrastructure programs that can get people back to work. 3) SMEs have been given special access to loans and their taxes have been cut. 4) Local officials have been charged with opening up businesses if and only if their region has contained the virus. The Chinese government's fine-grained information about local economies allows it to make such localized decisions, while many Western countries will have to use blunter macroeconomic policies. 5) Supply chains are being restored as factories coordinate restoring production. 6) China will continue its long-term plans pushing more market-oriented reforms and international opening up. And 7), as noted above, policies have prioritized restoring jobs and protecting poor people.
来源：资阳报