Charging piles are seen at a service zone in Lhasa, Xizang autonomous region, in October. [Photo provided to China Daily] The number of new energy vehicles in the Xizang autonomous region exceeded 10,000 units for the first time as of the end of June, representing a significant step forward in its efforts to promote NEVs, … Continue reading Xizang gears up green transition with NEVs
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Policy rate cuts key to fattening ‘wallets’
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] The most prominent problem facing the Chinese economy is low prices, which have made it difficult for enterprises to increase revenues and profits. In the labor market, new jobs are limited, and the growth rate of … Continue reading Policy rate cuts key to fattening ‘wallets’
Foreign markets eager for Chinese-built cars
Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, on March 10, awaiting export. [WANG YUSHI/FOR CHINA DAILY] More than half a million vehicles exported by nation in April alone, show industry data Chinese automakers have sped up efforts to expand in overseas markets despite a challenging environment. The … Continue reading Foreign markets eager for Chinese-built cars