China releases a point-based system to boost green cars
The Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Commerce and two other administrations have co-released a new regulation called “dual points” for automakers, which urges them to cut down on the production of gasoline and diesel vehicles and promote new energy cars, the 21st Century Business Herald reported.
Beijing urged to curb housing market speculators
Beijing must dampen speculators in the housing market to prevent price fluctuations, said Xu Jianyun, Beijing Municipal Commission of Housing and Urban-rural Development, the Securities Times reported.
SOE debt risk is manageable, says watchdog
The debt risk of state-owned enterprises under the State-owned Assets Supervision and Administration Commission (SASAC) is completely manageable, said Xiao Yaqing, director of the commission, Caixin reported.
Keep the door open for multinationals, expert says
The mindset expressing the view that China does not need any more foreign investment will slow down the country’s economic development, the 21st Century Business Herald reported, citing a specialist in cross-border trade and investment.