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China expanded its FTZ pilot program in a move to press ahead with reform and opening-up of the country's economy.
China has been offering subsidies on purchases of such vehicles from 2009. But it has been phasing out the subsidies gradually and is scheduled to stop them altogether by the end of next year.
China can also use its huge market, rich human resources and institutional advantages to achieve a higher level of opening-up and enlarge its trade volume with other partners such as the Association of the Southeast Asian Nations, the European Union, Russia and Brazil, said Yu Miaojie, an economics professor at Peking University's National School of Development.
China appreciates Laos' efforts to arrange within a short time the Special ASEAN-China Foreign Ministers' Meeting on Coronavirus Disease and the Lancang-Mekong Cooperation Foreign Ministers' Meeting, State Councilor and Foreign Minister Wang Yi said.
China has eliminated 95 percent of the 2,000 "zombie companies" in its State-owned enterprise system via bankruptcy closures, mergers and reorganization through a three-year program launched at the end of 2016, a senior State asset regulator said on Thursday.
来源：资阳报