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China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.
China will waive all road tolls across the country from Feb 17 until the control of the novel coronavirus outbreak is finished, the Ministry of Transport said on Saturday.
China's CPI, a main gauge of inflation, rose 2.1 percent year-on-year in 2018, well below the government's annual target of around 3 percent.
China will continue to support African countries to the best of its ability, he said.
China's central bank has injected a net 160 billion yuan through open market operations last week, the most since the five days through May 19.
