China maintains global lead in NEVs

2021-03-01 12:03:12

Workers are seen at a workshop of the Harbin Electric Machinery Company Limited in Harbin, capital of Northeast China's Heilongjiang province, on Feb 22, 2021. [Photo/Xinhua] China's Ministry of Industry and Information Technology held a news conference on development of industry and information technology in Beijing on Monday. Here are some highlights. - China's value-added industrial output reaches 31.31 trillion yuan China's value-added industrial output, an important economic indicator, reached 31.31 trillion yuan in 2020, making the country the largest manufacturing power in the world for 11 consecutive years, said Minister of Industry and Information Technology Xiao Yaqing at a news conference on Monday. (Read more) - Manufacturing, industrial informatization to be opened further China will fully open the manufacturing sector and further enhance the opening-up of industrial informatization to seek high-quality economic development, said a top industry regulator. (Read more) - China maintains global lead in NEVs China's production and sales of new energy vehicles have ranked first in the world for six consecutive years, with a total sales volume of 5.5 million units, Xiao said. (Read more) - Guideline to protect rare earth industry, environment China's efforts to strengthen the protection of its rare earth resources is designed to protect the environment and to seek sustainable development of the prized resources. (Read more) - Commerce Ministry releases 22 measures for FDI expansion The Ministry of Commerce has come out with 22 measures to further expand high-level opening up and attract more resources, including technologies and talents from global markets, to reinforce China's strengths in attracting foreign direct investment. (Read more) - Self-reliance in core tech aimed at meeting demand, not isolation China's efforts to pursue self-reliance in crucial technologies is to meet the nation's growing demand for cutting-edge products and services. (Read more) - Govt vows vigorous support for chip industry The Chinese government will provide vigorous support at the national level to build a market-oriented and internationalized business environment for the development of the semiconductor industry. (Read more)