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China is cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links as part of supply-side structural reform that began in 2015.
China has taken measures to prevent irregular capital outflows in recent years to reduce their impact on economic stability, which also helped to keep the yuan from weakening. [Photo/VCG]
China is also setting a cap of around 2 million on the number of vehicles eligible for subsidies, which will be in a first-come-first-served manner.
China is in the global spot-light as it maps out the 14th Five-Year Plan (2021-25), which will set the tone for the country's economic and social development in the coming years.
China is currently on course to loosen the cap on foreign ownership in joint ventures to attract more foreign funds to its financial market. The government had previously pledged to lift the limit from 50 percent to 51 percent in the insurance sector in three years and fully remove it after five years.
来源：资阳报