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China's Vice-Premier Wang Yang said, "Although China has run a trade deficit with several countries in the region, we do not engage in trade protection, and we are willing to further expand our imports from these economies to meet diverse needs."
China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.
China's 3D printing industry is expected to reach .68 billion in output value, or one-third of the global market by 2020, according to a forecast by the China Industry Information Institute.
China's 260-trillion-yuan (.67 trillion) banking sector, the world's largest by assets, has once again been assigned a heavy responsibility in easing the economic slowdown pressure. But this time they should consider more factors before taking action, said analysts.
China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.
来源：资阳报