What's news

More policies for NEV sector soon

The government is releasing a package of policies soon to enhance the competitiveness of the new energy vehicle (NEV) sector, Economic Information Daily reported on Monday. Policymakers are considering a new regulation on auto industry investment, the newspaper cited sources with the National Development and Reform Commission as saying. Under the new regulation, new manufacturers of electric vehicles are required to have a minimum annual production capacity of 100,000 units, and sustainable development capacity will be a must.

PBOC injects $17.5b via reverse repos