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China will take firm steps to expand opening up and promote an open world economy despite globalization and multilateralism being threatened, said China's Vice-Minister of Commerce Wang Shouwen on Thursday.
China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.
China will enhance its protection of foreign enterprises in China, step up efforts in facilitating foreign investment and try to open up more in certain areas in order to improve its business environment, the Ministry of Commerce said on Sunday.
China will set up more cross-border e-commerce pilot zones to facilitate trade and boost China's global competitiveness, under a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
China's "aggressive" tax cut plan for 2019 highlights the central government's determination to promote high-end manufacturing and could motivate enterprises to increase investment despite the temporary slowdown in industrial profits, experts said on Tuesday.
来源：资阳报