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China's carmakers look to other markets to stimulate growth

China's automobile industry is gradually recovering from the novel coronavirus outbreak and the number of cars on the country's roads would overtake that of the United States by the end of this year, senior industry officials said on Thursday.

China will further protect the legal rights and interests of foreign investors and create a business climate that offers treatment based on equal footing and fair competition, Wang said.

China will encourage domestic makers of protective suits to meet surging foreign demand, to help in the global fight against the novel coronavirus outbreak, the nation's top industry regulator said on Wednesday.

China will take the opportunity on the 40th anniversary of the start of the reform and opening-up policy this year to carry them through to the end, President Xi Jinping said on Sunday, while pledging efforts to "surmount all obstacles to carry the reform further to its ultimate triumph".