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China's futures market has been developing steadily amid reforms, but still needed to enhance its capabilities and market tools, Fang said. Trading of quite a few products had not been active in recent months, and wildly volatile prices could affect the risk management of companies, Fang said.
China's largest tax contributor－the value-added tax (VAT), is currently ready for the legislation process. A draft VAT law was released by the Ministry of Finance for public opinion on Nov 27.
China's growth has been slowing to a "new normal" and economic rebalancing is underway. Managing this transition in a sustainable manner will be critical to achieving the country's development goals, the report "Towards a More Inclusive and Sustainable Development" said.
China's largest carmaker SAIC Motor Corporation is planning to sell at least 100,000 new energy vehicles a year in Europe by 2025, as part of its goal to deliver 1 million vehicles in overseas markets in the same year.
China's new energy vehicle sales reached 1.25 million last year, 17 times that of 2014. In 2018, sales of new energy passenger vehicles in the nation accounted for 40 percent of the global market share, Chen said.
来源：资阳报