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The automaker said that it plans to invest 0 million in its Louisville, Kentucky, truck plant to make the new, aluminum-sided Ford Expedition and Lincoln Navigator SUV. That investment will secure 1,000 jobs at the plant, Ford said.

The banking regulators in cities like Beijing and Shenzhen have also ordered banks to check consumer loans to prevent the money flowing into the property market.

The authorities will step up financial support to boost the development of the digital economy, such as big data and artificial intelligence, and give more policy support to encourage private equity and venture capital funds to make investment in related industries, according to the guideline.

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The authors are from Institute of International Economic Research, National Development and Reform Commission.

The association expects the sales this year to exceed 1 million units from less than 800,000 units last year. China has been the world's largest new energy car market since it overtook the United States in 2015. Besides the vehicle and vessel tax, new energy vehicles are currently also exempt from the purchase tax, which stands at around 10 percent of their price tags.

The bank also plans more regional offices worldwide. The first regional office is being established in Johannesburg.

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The banking and insurance regulators will urge banks, especially the top five banks, to reduce lending rates for small and micro companies hit severely by the epidemic by, "maybe more than 0.5 percentage point further" in Hubei province, the center of the virus outbreak, said Li Junfeng, head of the inclusive finance department of the China Banking and Insurance Regulatory Commission (CBIRC).

The backbiting between the White House and Dr Anthony Fauci continued on Wednesday, with the infectious diseases expert calling criticism of him by an adviser to President Donald Trump "bizarre".

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The authorities must ensure the early detection of confirmed and asymptomatic cases through prevention measures at communities and fever clinics before enforcing isolation and treatment measures, it added.

The association and its local branches have also set up a cooperation mechanism with the judicial authorities to tackle infringements of lawyers' rights.