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China's A-share market rallied on Tuesday despite an astonishing overseas sell-off overnight, an indication that A-share assets could remain resilient amid a turbulent global financial market, according to Chinese and foreign analysts.
China will roll out policies to promote the development of fuel-cell cars and detail plans on the construction of hydrogen refueling stations, as the country steps up efforts to cultivate a globally competitive new energy vehicles industry, the top industry regulator said.
China's central bank decided on Wednesday to inject more than 800 billion yuan (5 billion) into the financial sector by reducing the amount of cash financial institutions must keep in reserve. The move is designed to maintain "reasonably ample" liquidity and lower financing costs for the real economy.
China's Foreign Investment Law and its supplementary regulation took effect on Jan 1, marking an official shift in the country's supervision of foreign investment from the old model of case-by-case approval to negative list management.
China will highlight industry convergence in rural areas in 2020, laying a solid foundation for rural revitalization, according to a plan issued Monday. [Photo/Sipa]
来源：资阳报