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By early August, among the 2 trillion yuan (8 billion) in increased fiscal funds, 300 billion yuan has been used for tax and fee cuts; and out of the 1.7 trillion yuan under the special transfer payment framework, apart from the reserved fund of a set proportion raised from the special treasury bonds for COVID-19 control, 97.8 percent of the funds had been distributed to prefecture and county-level governments.

CATL has partnered with BMW, Daimler, Volvo and Volkswagen to offer batteries for their electric vehicles. The Chinese battery maker is also in advanced talks with Porsche and will supply battery cells for Bosch's 48-volt battery system.

By the end of 2019, there were still 10 poverty-stricken counties and 559 poverty-stricken villages in xinjiang, accounting for about one-fifth of the country's 52 counties and 2,707 villages.

By expanding the circle with countries sharing similar concerns on tackling climate change, the Belt and Road Initiative promotes greater awareness and understanding of the urgency to together address the climate issue, he added.

By using 3-D printing technologies, companies will be able to produce lighter rather than heavier parts that could help improve mileage, simplify maintenance, and lower vehicle cost.