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China hopes to work with South Korea to maintain smooth communication in tackling the novel coronavirus, State Councilor and Foreign Minister Wang Yi told his South Korean counterpart Kang Kyung-wha on Wednesday.
China is the world's second largest oil consumer after the United States. Demand is likely to soar in the future as the country is thirsty for energy to fuel its economic growth.
China has scrapped vehicle and vessel taxes on new energy vehicles and cut them by half on cars with smaller engines, one of the country's latest financial stimuli to cut fuel consumption and encourage cleaner energy use, the Ministry of Finance announced last week.
China is committed to the goal of cutting 150 million metric tons of coal production capacity and will deepen supply-side reform with a focus on "zombie enterprise" withdrawal in 2018, according to the National Energy Administration.
China is likely to come up with a fiscal stimulus package during the upcoming annual meeting of the country's top legislature, including raising fiscal deficit and expanding government debt, to contain the economic impact of COVID-19 epidemic and accelerate recovery, according to officials and experts.
来源：资阳报