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China decided in late April to reform ChiNext and replace its approval-based IPO system with a registration-based one, introducing a series of measures in a bid to better cultivate new industry start-ups and bolster the real economy.
China has become a leader with vision in the aviation sector, a senior official with the US National Business Aviation Association has said.

China commended the move, Lu said, adding that such a move shows respect for the objective fact that there is only one China and Taiwan is a part of China.
China has become an important growth driver in world services trade in recent years. It has been the world's second-largest trader in services for six consecutive years, and its trade in services in 2019 reached 5.42 trillion yuan (3 billion), the Ministry of Commerce said.
China has been cutting financial incentives for new energy cars, after stimulating the market for years. Subsidies will be phased out altogether by the end of 2020, according to the Ministry of Industry and Information Technology.
来源:资阳报