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Fu Bingfeng, secretary general of the China Association of Automobile Manufacturers, said the sales of new-energy-vehicles are expected to maintain a stable performance in the second half of this year. Fu added that so far, China has 4.6 million new energy vehicles on the road.

Full details have yet to be released, but according to news reports the stimulus package also calls for 7 billion for small businesses, billion for commercial airlines, billion for cargo airlines and billion for companies considered important to national security.

Garnier: I believe the country will be able to maintain its healthy development trend. The friendly and open environment in China provides enterprises with a solid foundation for development. This in turn means that there will be great potential in the future for all sectors, including retail.

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Furthermore, the government should continue to spend on coronavirus bailouts in many areas after the pandemic is brought under reasonable control and the industries have fully resumed production. In particular, the government should provide assistance to those who have lost their jobs because of the pandemic but are not covered by the social security system.

Fu told Xinhua that, of these first 90 cars delivered by GAC Motor, 60 are GA8, a luxury sedan, and the remaining are GS4, a popular SUV in China for its modern style and economic price.

Furthermore, "no work assignments and work related content are allowed to be published or forwarded on the WeChat working group after work," the notice said.

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GUANGZHOU - A gigantic "vending machine" for cars allowing self-service test drives opened in the South China city of Guangzhou on Monday.

Fu Lichun, the research director of Northeast Securities, said though increasing the limit to 40 percent will be quite high, insurance assets should seek long-term and stable profits. But given the volatility of stock markets over the past few years, it will not be easy to seek such stable income, including dividends, from the A-share market.

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Further investigation continues.

Fu said the auto finance sector is expected to be a key profit contributor to Ping An's retail business.