A view of a Tesla showroom in Shanghai. [WANG GANG/FOR CHINA DAILY] With its construction permit obtained on Monday, US electric vehicle maker Tesla’s energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the … Continue reading Tesla secures major construction permit
Tag: government
US restrictions on chips to backfire, experts warn
Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. [Photo by Wang Gang/For China Daily] The US restrictions on the export of purely civilian semiconductor products to China and cutting supplies to specific Chinese companies are typical economic coercion practices, which not only violate WTO rules … Continue reading US restrictions on chips to backfire, experts warn
Tax policy to better support economic recovery
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning city, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China’s fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the … Continue reading Tax policy to better support economic recovery
Fitch’s outlook on fiscal policies wrong, ministry says
A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. [Photo/Xinhua] Rating Agency Fitch’s sovereign credit rating methodology and indicator system have failed to effectively and prospectively reflect the positive role of China’s fiscal policies, which are properly more proactive … Continue reading Fitch’s outlook on fiscal policies wrong, ministry says
Central government departments disclose annual budgets
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] The central government departments in China have recently disclosed their annual budgets to the public. The annual income and expenditure arrangements for more than 100 government units were unveiled, showing that their focus remains on allocating … Continue reading Central government departments disclose annual budgets