Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
News for Outlets

MIIT to study policies to promote auto consumption

March 31, 2020


Abstract : China's Ministry of Industry and Information Technology (MIIT) will study policy recommendations for stabilizing and expanding automobile consumption, and urge the local authorities to issue such policies, according to Xin Guobin, vice minister of the MIIT, at a press briefing on Monday.

BEIJING, March 31 (Xinhua) -- China's Ministry of Industry and Information Technology (MIIT) will study policy recommendations for stabilizing and expanding automobile consumption, and urge the local authorities to issue such policies, according to Xin Guobin, vice minister of the MIIT, at a press briefing on Monday.

Meanwhile, the MIIT will coordinate related departments to adjust the policies on the new energy vehicles (NEVs) and further promote the development of the automotive industry, Xin added.

At present, provinces of Guangdong, Shandong, Jilin, Hainan, and cities such as Shenzhen, Ningbo, Hangzhou and Nanchang have introduced some specific policies to stimulate auto consumption, said Xin.

China's automobile industry still faces great difficulties, especially the sluggish consumer demand in general. Although the current resumption rate of work and production is relatively high in the country, due to insufficient market demand, inventories of the automobile enterprises have increased.

Since February 19, the overall operating rate of enterprises in China's automobile industry has increased from about 60 percent to 97 percent, and the rate of employees returning to work has increased from about 50 percent to 82 percent.

China's auto production and sales plunged during the first two months, down 45.8 percent and 42 percent, respectively, year on year, according to data from the China Association of Automobile Manufacturers.  (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: MIIT auto industry

Reading:

China's experience to help global retailers get over difficulties

China mobilizes volunteer service to boost SMEs' dev. amid epidemic

China vows to further stabilize production, supply of active pharmaceutical ingredients

China to lift foreign ownership limit on securities companies

SW China Sichuan mulls measures to support culture and tourism industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial