The number of administrative approval items for investment projects will be drastically reduced from 110 to about 15 in Pingtan pilot free trade zone, and all the items will be subject to a unified procedure, officials said. The elimination of dilatory and unnecessary handling procedures is a core of the zone's continued reform.
In late September, a commencement ceremony for 23 projects with a total investment worth about 11.89 billion yuan ($1.72 billion), was held in the county of Pingtan in eastern Fujian province and officials said they would support high-quality development in the region.
Both the opening-up process and international cooperation are a priorities for Pingtan's development, according to officials from the region, which is also a comprehensive pilot zone.
Nanjing, capital of East China's Jiangsu province, was the nation's capital for more than 450 years, and its 2,500 years of history runs deeply through the city's veins. However, Nanjing is not resting on its past glories and is instead forging a new path.
Since its establishment, the Jiangbei New Area have made great efforts to internationalize the zone - participating in international projects, introducing foreign companies and establishing overseas contacts.
In recent years, the Jiangbei New Area has focused on high-tech and high-quality in its development.
China's automotive market will see a year-on-year decline in sales of 3 percent this year, the first of negative growth in 28 years, and sales will be flat next year, officials from the country's leading industry association predicted on Thursday.
YOKOHAMA, JAPAN - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal "CEO Reserve" fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two sources with knowledge of the inquiry told Reuters.
The JAC Volkswagen joint venture started construction of its research and development center for new energy passenger vehicles last Monday - focusing on electrification, connectivity, autonomous driving and other future technologies - in a push to help shape the future development of e-mobility.
BMW Group launched its ReachNow online ride-hailing service program on Friday in Chengdu, in the southwestern province of Sichuan - as part of the German luxury auto giant's efforts to usher in the future of shared mobility in China.
Volkswagen is revving up its new energy vehicle campaign in China, in a bid to become the top choice for customers in the era of e-mobility, as it is in the age of conventionally powered vehicles.
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