China is allowing foreign auto-parts makers to conduct research and production in the country without partnering with local companies in a trial move experts believe may signal the imminent removal of investment restrictions on international carmakers.
Chinese new-energy vehicle makers are seeking more funds to support their expensive operations, as the small volume of sales generates no economy of scale, despite subsidies from both central and local governments.
China is about to unfold its road map for intelligent connected vehicle development, in the expectation of regulating and standardizing the burgeoning sector, and helping local car makers and related companies head forward speedily.
Senior executives at Volkswagen AG, including its former chief executive, covered up evidence that the German automaker had cheated on US diesel emissions tests for years, three US states charged on Tuesday in civil lawsuits against the company.
In just the first five months of this year, the government of Chengdu, capital of Sichuan province, has already invested more than half of its budget for the year for financing major service sector projects.
The Chengdu Commission of Commerce has taken a series of measures to restructure local industries, seek new sources of development and improve local people's livelihoods in a bid to build the city into a regional service sector hub.
As it becomes more international and acquires greater global influence, Chengdu is developing into a popular destination for international conventions and exhibitions in western China.
Chengdu's global transportation networks and active involvement in global affairs are strong drivers for the development of the city's expo industry.
Countries along the Belt and Road routes need to promote cooperation in intellectual property policy communication, law enforcement, filing processing service and professional training, Shen Changyu told an international IP conference on Thursday.
If there is one thing that economists can agree on, it is that the key driving force behind long-term economic growth is innovation and technological progress. Innovation is at the core of transforming the structure of economies.
Legal frameworks, education, extensive cooperation and the integration between the government and the private sector are some of the factors necessary to build an intellectual property ecosystem, said officials and experts from China and overseas at the High-Level Conference on Intellectual Property for Countries Along the Belt and Road on Thursday.
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