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China will prevent roller-coastering in its booming new energy vehicle market as the country is slated to cut its subsidies again in 2019 and stop them by the end of 2020, said Miao Wei, minister of industry and information technology on Saturday.
China will further cut outdated steel capacity and prevent shuttered or illegal steel mills from returning to the market in 2018, he said.
China's Spring Airlines selected Honeywell's suite of advanced cockpit technologies and industry-leading auxiliary power units for its future fleet of Airbus A320neo aircraft, while Honeywell UOP, a strategic business unit of Honeywell's performance materials and technologies division, has also signed a memorandum of understanding with Oriental Energy on the adoption of UOP's C3 Oleflex units in Oriental Energy's five new propane dehydrogenation (PDH) projects to help convert propane into propylene.
China's benchmark Shanghai Composite Index plunged 8.7 percent as trading resumed on Monday, as the market started pricing in investors' growing concern over the coronavirus outbreak that further spread over the Lunar New Year holiday.
China's banking regulator has instructed banks to control credit growth to the country's booming real estate sector, intensifying caution against an over-heated market.
来源：资阳报