Production qualification is an issue that also troubles most emerging vehicle makers.
Private and foreign businesses are also thriving. The private sector contributes to over 60 percent of China's GDP, more than half of tax payments, and over 80 percent of job creation.
President Xi Jinping, addressing the Climate Ambition Summit earlier this month, announced that China will lower its carbon dioxide emissions per unit of GDP by more than 65 percent by 2030 from 2005 levels and increase its share of non-fossil fuels in primary energy consumption to around 25 percent. It will also increase its forest stock by 6 billion cubic meters from 2005 levels by 2030, and bring its total installed capacity of wind and solar power to over 1.2 billion kilowatts.
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President says new laws needed to make foreign investment easier
Production disrupted
北京拇外翻走路没劲
Prices for these apartments have not yet been undisclosed, but some brokers said ,500 per square foot or more was likely, making them among the priciest in the city, the journal said.
Price declines widened in major industries in April, with factory-gate prices in the oil and gas extraction industry down 4.2 percent from a month earlier, noted NBS senior statistician Sheng Guoqing.
Profits registered by the country's industrial firms in the January-February period fell by 14.0 percent year-on-year to hit 708.01 billion yuan (5.4 billion), the National Bureau of Statistics (NBS) said on Wednesday. It marked the biggest slump since May 2009.
President Xi proposed "China's solution" for peace and development. This means seizing the trend of cooperation, openness, connectivity, reform and innovation to achieve happiness of the people, rejuvenation of the nation and common development of the world – to build, in short, a community with a shared future for all mankind.