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China's biometric identification sector has been experiencing a surge in demand for its services in recent years, according to ibaogao.com, a market research report website. In 2015, its revenue reached more than 10 billion yuan (.6 billion), and the figure is expected to hit 30 billion yuan by 2020, with a compound annual growth rate of 24.6 percent.
China will support the purchase of NEVs by the local government and continue to waive purchase taxes for NEVs during the 2018-2020 period to encourage green transportation, the Xinhua-run Economic Information Daily reported.
China's automobile sector is expected to maintain its recovery momentum in the second half of the year thanks to favorable policy support and a revival in demand by consumers, but carmakers need to make more efforts to adapt to the changing shopping preferences of young consumers to ensure long-term growth, industry experts said.
China's GDP expanded 6.9 percent year-on-year in the first three quarters, holding steady from a 6.9-percent growth in the first half despite a slightly slower 6.8-percent increase in the third quarter, official data showed.
China' central bank implemented two targeted reserve requirement ratio cuts in October and November to boost financing for SMEs.
来源：资阳报