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An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.
An said Geely has already established a strong supply chain network for the production and development of new energy vehicles.
An online platform of the project will be up and running by the end of this year.
An old man heads home from grocery shopping in Quarry Bay, Hong Kong on Sept 18, 2019. [Photo/Xinhua]
Analysts also cited the bigger-than-expected liquidity injection by the People's Bank of China, the central bank, on Monday as a key driver of the rally, as the move dispelled concerns that the PBOC is rolling back support for the real economy.
来源：资阳报