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China's decision to remove limits on foreign ownership of automotive ventures is a significant policy shift that could open new opportunities for overseas companies, perhaps including acquisitions in China, according to industry analysts.
China's governance ideas "are unique and suits the country's national conditions," he said.
China's new yuan loans increased faster than expected in November, up by 1.39 trillion yuan (7.2 billion), mainly driven by the expansion of corporate and long-term household debt, as per the central bank data released on late Tuesday.
China's credit offtake contracted in February despite a faster growth in money supply as the novel coronavirus outbreak dampened consumption demand and delayed production, prompting experts to warn of inflation spikes in the absence of a quick rebound in economic activity.
China's major industrial companies gained 658.29 billion yuan ( billion) of profits in June, up by 20 percent year-on-year, compared with 21.1 percent growth in May, data from the National Bureau of Statistics showed on Friday.
来源：资阳报