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China will lift shareholding limits in the shipbuilding and aircraft manufacturing industries for foreign investors this year, according to the National Development and Reform Commission.
China's State Council issued a guideline in deepening reform and economic upgrading through encouraging new economic drivers, as well as energy consumption reforms, in north China's Shanxi province. It aims to boost local development from its restriction on traditional resources.
China's auto market, hit hard by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year, ending a 21-month contraction streak, according to the China Association of Automobile Manufacturers.
China's automobile market saw a sales decline in 2018 for the first time in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last year to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy vehicles this year, the promotion of car consumption depends more on local governments and enterprises.
China will continue to take concrete measures to protect the health and lives of foreigners in the nation, including those from the UAE, and is willing to closely communicate with the UAE about the development of the contagion and share epidemic control experiences with it, he added.
来源：资阳报