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China, where new energy vehicle sales surged 75.6 percent in the first 10 months of this year to 860,000 units, is one of Tesla's most important markets. Last year, it sold 17,030 cars, accounting for 16.5 percent of its global sales, according to statistics from the China Passenger Car Association.
China's renewed business momentum will spur US companies in the country and encourage them to tap new growth opportunities in emerging business sectors next year, said a senior US business representative on Monday.
China's private investment was down 13.3 percent year-on-year in the first four months of this year due to the impact of the novel coronavirus outbreak. Foreign direct investment was down 6.1 percent year-on-year.
China, in the meantime, made notable breakthroughs in developing technologies such as 5G, computer chips, nuclear power, high-speed trains, high-end vessels and aircraft manufacturing. It also deployed more resources to promote the Belt and Road Initiative and the Asian Infrastructure Investment Bank to build a trade, investment and infrastructure network connecting Asia with more regions in the world.
China's solar industry is expected to transition toward a subsidy-free market as early as 2021, said a new analysis of China's solar industry published by Asia Europe Clean Energy (Solar) Advisory.
来源：资阳报