China's new energy vehicles (NEVs) are shifting into high gear fueled by a string of favorable policies, with strong sales despite a lackluster automobile market.
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Andrei Akopian, Managing partner of Caderus Capital
China plans to set up a national fund of up to 60 billion yuan ($9.4 billion) to encourage the growth of small and micro-businesses.
China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five.
A series of new corporate tax cuts are expected to reduce the tax burden on small businesses by more than 100 billion yuan ($15.64 billion), the Ministry of Finance said.
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