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China will ensure the creation of more than 11 million urban jobs this year and administer the employment-first policy as part of macroeconomic policy on the same level as fiscal and monetary policy for the first time, Premier Li Keqiang said on Friday in Beijing.
China's biggest domestic electric vehicle producer BYD signed an agreement with Japanese commercial vehicle manufacturer Hino Motors on Wednesday to set up a 50-50 joint venture to develop batteries for electric vehicles and electric units, in an effort to share the extensive costs of development.
China will release a three-year action plan for SOEs (2020-22) soon to further push mixed-ownership reform, digitalization and asset securitization in its SOEs. Zhou Yuxian, chairman of China National Building Material Group Co Ltd, another Beijing-headquartered central SOE, said about 80 percent of its subsidiaries have been a part of the mixed-ownership reform and have teamed up with more private firms to develop both home and global markets.
China will step up guidance and oversight for Chinese enterprises that have gone global and bring standards to their investments and operations, he said. Chinese enterprises will also be guided to abide by local laws, regulations and international practices, he added.
China's Supreme People's Court (SPC) will start to hear intellectual property rights (IPR) appeals that require more expertise from Jan 1, 2019. [Photo/IC]
来源：资阳报