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China's oldest passenger car marque also plans to ride the tide in popularity generated by new energy vehicles, a segment that is growing fast in China.
China's financial strength has also improved greatly, with big increase in foreign reserves. In 1950, China's fiscal revenue was only 6.2 billion yuan, and the figure rose to 113.2 billion yuan in 1978.
China's economy still faces the risk of high leverage while the leverage ratio of some SOEs remains high, Yi Gang, the governor of the People's Bank of China (PBOC), said at the China Development Forum 2018 in late March. The country should complete the corporate governance structure of financial enterprises and strengthen the liability constraint of SOEs, he added.
China's gross domestic product (GDP) expanded 3.2 percent year-on-year in the second quarter of 2020, data from the Chinese National Bureau of Statistics showed.
China's inbound tourism has revived since 2015 after experiencing a downturn in recent years, but its potential has yet to be fully realized due to a stringent visa policy, imperfect tourism facilities and a homogenization of tour packages being offered, according to a report released by the World Tourism Alliance and China Tourism Academy.
来源：资阳报