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China's foreign direct investment climbed 6.4 percent year-on-year to 305.24 billion yuan (.38 billion) in the first four months. [Photo/VCG]
China's open stance was reiterated at the Central Economic Work Conference at which economic work was mapped out for the next year.
China's latest policies on recycling scrapped motor vehicles are to take effect from September, according to the Ministry of Commerce, and they are expected to help create a market worth a 100 billion yuan (.39 billion) to sustainable development of the automobile industry.
China's economy has maintained overall stability. The country's GDP expanded 6.2 percent year-on-year in the first three quarters of 2019, data from the National Bureau of Statistics showed. Investment in high-tech manufacturing and high-tech services rose 14.5 percent and 13.7 percent year-on-year.
China's machinery manufacturing sector saw an encouraging recovery in 2017 with the nation's 25 major machinery manufacturers reporting sales of 140,303 excavators in total, soaring 99.5 percent.
来源：资阳报