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China's gigantic car market, which had been in the fast lane for years, is now hitting speed bumps, yet the country's leading industry association said it remains cautiously optimistic about the market this year.
China's newly revised Budget Law stipulates that local government can issue bonds－general bonds and special bonds－through a national quota-based mechanism, but more detailed management should be improved.
China's current account surplus expanded in nominal terms to billion, or 1.4 percent of the GDP, in the second half of 2017 from billion, or 1.5 percent, in the second half of 2016. "But it remains significantly below its 2007 half year peak over 10 percent of GDP," the Treasury report said.
China's market is growing rapidly and he is watching the trend, Fuerst said.
China's new energy vehicle market recorded another year of rapid growth in 2017 as the government continued its green transport push. New energy vehicles refer to vehicles powered by non-traditional fuels, such as electric and hybrid vehicles.
来源：资阳报