Together with other automotive innovations which bore no relation to a specific propulsion system, 70 percent of industry patent registries were in technological areas which were considered by IW to be highly promising for the future trajectory of electric mobility. The institute hereby emphasized that it was likely that this share had risen further since 2015 as the "development of alternative propulsion systems and systems for autonomous vehicles has gained significant momentum" in the wake of the diesel emissions scandal.
Total social financing, a broader measure comprising all money the real economy receives from the financial sector, including off-balance-sheet financing activities, rose by 4.64 trillion yuan in January, which was also the fastest monthly growth ever, according to the central bank.
Top domestic brands performed strong in November, the CPCA said. Geely Auto sold 150,500 vehicles last month, up 5 percent year-on-year. Great Wall Motors sold 145,000, up 26.1 percent year-on-year. And Changan Auto posted 114,000 car sales, up 36.4 percent year-on-year.
Trade volume between China and the UK is continuing to grow, she said.
Tommy Wu, senior economist at Oxford Economics (Hong Kong), said: "While the district councilors are only responsible for local issues, the record turnout and overwhelming results suggest that the Hong Kong government will need to work closely with opposition parties on future policy issues in order to win support from local citizens to push forward policy initiatives.
Too much easing of macroeconomic policy may lead to financial risks, said Hu, who also warned against a sharp reverse toward a tightening stance. "We should set a warning line to prevent the re-expansion of leverage."
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Traditional sky lanterns are made of paper and bamboo frames. After rising 300 to 500 meters, the flame suspended at the bottom goes out and the lantern falls.
Tokyo Tower is illuminated in red to celebrate the Chinese Lunar New Year in Tokyo, Japan February 4, 2019. [Photo/Agencies]
Transparency and public participation will be crucial for it to be an important incentive for carbon reduction, according to Femke de Jong, policy director of Carbon Market Watch.
Toyota Motor, which plans to build a new .6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" auto companies by raising costs and prices of cars and trucks sold in the US.