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Chinese Premier Li Qiang’s detailed response to the so-called overcapacity claims made by some Western officials, in which he called for an objective view of capacity issues based on economic laws and from a global perspective, sent a signal that China seeks to address global issues through cooperation, rather than politicization, experts said on Friday.
To boost vehicle trade-ins, China’s financial regulators on Wednesday jointly announced the removal of a regulatory cap on loans for people who buy either internal-combustion engine cars or new-energy vehicles (NEVs) for their own use, giving financial institutions full discretionary power to determine the loan amounts.
China s official manufacturing purchasing managers index (PMI) came in at 50.8 in March amid an increase in market activity, up from 49.1 a month earlier, returning to the expansion territory in six months, data from the National Bureau of Statistics (NBS) showed on Sunday.
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