Policy

China will accelerate the development of domestic resources, crack down on hoarding and other unfair competition, and push raw material prices to return to rationality as soon as possible, the MIIT spokesman said.

The goal of the guidelines is to achieve closed-loop management while ensuring risk control, in order to facilitate companies' return to work and production, and to ensure the safety and stability of the supply chain.

Guangdong aims to have a convenient, efficient and moderately advanced charging network system in place by the end of 2025.

"This reflects the consistent openness of Chinese regulators to cross-border audit and regulatory cooperation and is in line with relevant international practices," the CSRC said.

At the end of 2020, Beijing had 400,000 NEVs.

China's vice minister of commerce calls on multinational car companies to seize the opportunity to further expand their investment in China and improve the layout of the supply chain.

Whether the companies are actually delisted in the next two years will ultimately depend on the progress and outcome of the US-China audit and regulatory cooperation, the CSRC said.

China will deploy flying car research and development to break through technologies such as the integration of flying vehicles with cars and the free switching of flight and ground travel, a government document reads.

The CSRC held a video exchange today with some US-listed Chinese companies and investment firms to hear their views on the recent situation with China-concept stocks.

Regulators have taken a clear stand against unfair competition and have made it clear they will firmly crackdown on such behavior, a senior CAAM official said.