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China's EV market represented 45.1 percent of the global EV sales volume and is expected to grow at a CAGR (compound annual growth rate) of 29.4 percent from 2019 to 2025, reaching 4.2 million units in 2025, according to IHS Markit Report.
China will roll out a nationwide negative list to further open up to foreign investment. The negative list model, which states sectors and businesses that are off limits to foreign investment, will be adopted nationwide as early as 2018.
China will stick to the basic economic theme of "seeking progress while maintaining stability" this year to achieve healthy development, President Xi Jinping said on Tuesday.
China's IPTV subscribers hit 274 million in 2019, surging from 154 million a year earlier, said the report issued by the National Radio and Television Administration.
China's better-than-expected expansion in its January non-manufacturing Purchasing Manager's Index, along with the efforts by the authorities to contain the virus outbreak, will help push back against some of the fears surrounding the epidemic's impact on the country's economy, Otunuga said.
