China s securities regulator recently sent feedback to Citi regarding its application to establish a wholly foreign-owned securities unit in China. Analysts said that judging from the recently disclosed approval progress, such an entity may be approved.
Nine Chinese departments including the Ministry of Commerce said on Wednesday that they would actively help enterprises in the new-energy vehicle (NEV) sector respond to foreign trade restrictions, while guiding industry associations and companies to collaborate with international counterparts, according to a jointly released opinion.
China overtook Japan as the largest auto exporter in 2023, a milestone for the internationalization of China s vehicle industry and bright spot in China’s economic growth.
Speaking of China s economic growth in 2024, Chinese officials on Thursday said that favorable conditions are stronger than unfavorable ones, and there are still many factors supporting the steady and healthy development of the Chinese economy. Meanwhile, there is ample policy room.
China s vehicle industry reached milestones in 2023, with record production and sales, according to industry data released on Thursday, paving the way for the country to potentially become the world s largest car exporter.