Last June, the Chinese government slashed its subsidies for solar power and also halted all subsidies for utility-scale solar projects.
Lardy of the Peterson Institute, who attended the Boao Forum, said Xi has spoken positively about the benefits of globalization and opening and taken important steps to further open China, through both trade and investment liberalization.
Last month a number of major cities in China made progress in developing a long-term rental market. Beijing, for example, will choose houses within one kilometer of bus and tube stations or industrial zones as rental properties to make people's daily commute more convenient, the Beijing Municipal Commission of Urban Planning and Land and Resources said last month.
Large and long-term depreciation of the Chinese yuan is unlikely because the country's COVID-19-related recovery has been steady. [Photo/Sipa]
Last year, all 16 district governments in the capital were sued, with the biggest number of cases involving the Haidian, Dongcheng, Xicheng and Chaoyang governments, it said.
Last year, Guangdong signed a billion project agreement with BASF to establish a new chemical base in the coastal city of Zhanjiang. In January, a framework agreement was signed to give further detail on the project, including the selected site at the Zhanjiang Economic and Technological Development Zone.
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Last week, SAIC Motor President Wang Xiaoqiu said the carmaker is to offer 10 fuel cell vehicles in five years and aims to secure a 10 percent share of the country's growing segment by 2025.
Last week, tensions between the US and Chinese trade officials intensified. China said on Wednesday it would retaliate against the latest round of US tariffs on Chinese imports.
Last year, President Donald Trump said he would not rule out a "military option" to deal with Venezuela.
Last month, the Ministry of Commerce and more than 80 international organizations and government agencies from other countries jointly launched the Initiative on Promoting Unimpeded Trade Cooperation along the Belt and Road during the Belt and Road Forum for International Cooperation in Beijing.