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China expects smart cars with some autonomous functions to account for 50 percent of new vehicles sold in the country by 2020, according to a blueprint released by the National Development and Reform Commission in January.
China decided in 2012 to take an innovation-driven development strategy, underscoring that scientific and technological innovation provides strategic support for increasing production and boosting the overall national strength.
China has finalized a set of standards to assess domestic systemically important banks or D-SIBs and indicated that more specific and tighter regulations for these lenders will be announced soon, according to the People's Bank of China, the central bank.
China has launched several financial assistance measures during the COVID-19 outbreak, requiring banks to increase lending to micro, small and medium-sized enterprises (MSMEs) and lower lending rates and various expenses.
China encourages innovation and has laws to protect intellectual property rights for both Chinese and foreign companies, said Cui.
来源：资阳报