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China's industrial sector made a strong start in the first quarter, with the industrial value-added output rising 6.8 percent year-on-year, the Ministry of Industry and Information Technology said on Wednesday.
China's city commercial banks recorded 32.9 trillion yuan in total onshore assets by the end of August, up 7.9 percent year-on-year, accounting for 12.9 percent of the industry's total.
China's move to increase tariffs to 40 percent, after the US imposed 25 percent tariffs on Chinese-built vehicles entering the country, will hurt Ford's exports to that country, said Joe Hinrichs, executive vice-president and president of global operations for the US automaker.
China's measures to limit the human damage caused by the virus were very strong through January and February, so the economic data looks grim for those months. Industrial production fell 13.5 percent in those two months, while retail sales fell 20.5 percent and fixed asset investment plunged 24.5 percent, according to the National Bureau of Statistics. The urban unemployment rate rose to 6.2 percent in February, which is a mild increase relative to what we are seeing in other countries.
China's enthusiasm for clean energy is pushing the world to transition toward a low-carbon future, with plans to invest 2.5 trillion yuan (0 billion) in renewable energy by 2020, creating more than 13 million jobs, according to the National Energy Administration.
来源：资阳报