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China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transition, the government decides to achieve this goal by enacting policy in several phases. This year's subsidy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.
China pledged in early July to keep foreign trade and foreign investment stable. It urged efforts to maintain the stability and integrity of industrial and supply chains, and give full play to the role of foreign-invested enterprises in the industrial chain, while promoting a higher-level opening-up.
China will continue to give firm support to the WTO in playing a greater role in global economic governance, it says.
China should further enhance its energy security by increasing exploration and exploitation of upstream resources and by reducing reliance on external sources for energy, domestic industry insiders said.
China will continue to deepen listing system reform and positively promote mergers and acquisitions of listed companies, the China Securities Regulatory Commission said on Wednesday.
来源：资阳报