promoting the application of e-buses, by supporting technology innovation, improving fiscal
and taxation policies, enhancing infrastructure construction, as well as reinforcing fund supervision.
“It is estimated that in the future, China’s e-bus market will transform to a more market-driven pattern, instead of policy-driv
en. The market will shift from an incremental market to a stock market, maintaining steady growth,” he said.
Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery pric
es have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decl
ine rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.
Despite a busy schedule, Xi still tries to find time to interact with children.
He has extended greetings to children nationwide every International Children‘s Day since he became
president in 2013, showing his care for their growth and his hope for them to carry on endeavors to realize the nation’s dreams.
International Children’s Day falls on June 1 every year.
In May 2013, while inspecting a school devastated by an earthquake in Sichuan province, Xi t
old students to turn their trauma into a source of strength, urging them to be strong, brave and united.
When visiting a primary school in Beijing’s Haidian district in 2014, Xi spoke of the
need to guide children to set high goals and create conditions for them to grow into adulthood.
On June 1, 2015, when speaking to members of the Young Pioneers of China in Bei
jing, Xi called on all Chinese children to learn to be people of integrity, knowledge and responsibility from an early age.
icy tools to offset short-term downside pressure, while the financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.
China’s overall debt-to-GDP ratio had dropped to 249.4 percent
by the end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.
If trade tensions escalate further, more opening-up policies in the sectors of medical
care and education will help boost global investors’ confidence in the Chinese economy, Zhang added.
By hiking the tariffs on $200 billion of Chinese goods from 10 percent t
o 25 percent just when it seemed the China-US trade talks would achieve a bre
akthrough, the United States has not only intensified the trade dispute but also ensured both sides take a knock.
FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur
day that it will add Chinese A shares to its widely-tracked global benchmarks next month.
The addition will be officially effective after the close of share markets on June 24.
According to the plan of FTSE Russell, this move marks the first stage of incorporatin
g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro
ught into the indexes, drawing an expected $10 billion from passive investors.
FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.
a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi
rst quarter, taking up 16.8 percent of China’s total photovoltaic export value.
With the European Union ending its anti-dumping and anti-subsidy meas
ures, photovoltaic exports from China to Europe also saw large increase in Q1.
The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc
ent, respectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus
tralia, Turkey, and the United Arab Emirates will further boost the export of China’s photovoltaic modules.
The export of China’s photovoltaic products to the United States dropped 28.9 pe
rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3