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China has decided that the environmental protection tax－levied on air, water, solid waste and noise pollution starting on Monday－will all go to local governments, a move designed to boost their enthusiasm and further invigorate the environmental protection campaign.
China has been the world's largest market for new energy vehicles since 2015. But their sales last year fell 4 percent to 1.21 million. The fall went deeper in the first quarter primarily because of the coronavirus outbreak.
China has made remarkable progress in the 40 years since it adopted reform and opening-up, and has been the largest single contributor to the global economy since the 2008 global financial crisis, Singaporean Vice-Prime Minister Teo Chee Hean said before Li's speech.
China has mobilized national resources to cope with the biggest public health crisis over the past 70 years. More than 78,000 confirmed cases of the novel coronavirus had been reported on the Chinese mainland as of Thursday, with nearly half of those patients having recovered, according to the National Health Commission.
China has accelerated its financial opening-up since 2017. Foreign securities, fund and futures firms were allowed to hold a maximum 51 percent stake in joint ventures, according to regulations announced in November 2017. The limit was removed on April 1 this year.
来源：资阳报