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Chinese electric car startups are having a tough time raising money to turn their blueprints into reality as their vehicles are increasingly alike and those on the market fail to meet expectations.
Chinese e-commerce giant JD announced on Wednesday it will invest more than 6 billion yuan (9 million) in Central China's Hubei province within the next three years, in a bid to help boost the economic recovery and development of local small and medium-sized enterprises through its capacities in the supply chain, logistics and technology.
Chinese bike-sharing company Ofo Inc announced its official launch in four European countries — the Czech Republic, Italy, Russia and the Netherlands — as the company ramps up efforts to expand its booming cycle empire globally. [Photo provided to chinadaily.com.cn]
Chinese economists said government spending in key areas should be reinforced, as a major stabilizing tool to fight the tariff challenges, and that this requires a more dramatic redistribution of roles from monetary to fiscal policy.
Chinese leaders hope the new area will help address severe "urban ills" of traffic congestion and air pollution in Beijing, by curbing the capital's population growth and moving non-capital functions out of Beijing.
来源：资阳报