The report issued by Bloomberg's wholly-owned unit BloombergNEF (BNEF) said that although COVID-19 led to a drop in electric passenger vehicle sales so far this year, the influence of the epidemic was smaller compared to the impact of the disease on the sales of combustion engine cars, which are set to drop 23 percent year-on-year.
The report also said that although singles now feel more confident and secure, but they are more insecure about family responsibility, economic burden and emotional stress than married ones.
The regulation stipulated that Party organs for discipline inspection should publicize cases involving violations of CPC Central Committee discipline and punishment of officials who severely breach rules and neglect their duties.
The regional department of finance said the amount was doubled compared with the amount in 2017, which has been used to clean up rural areas, push forward the "toilet revolution," recycle trash and dispose of rubbish and wastewater.
The regional government will also fork out money in the medical field. Including funds from other provinces, this year's total medical investment will be over 11.7 billion yuan (about 1.72 billion U.S. dollars), an increase of 58.1 percent year on year, according to the regional government plan.
The regulations address the changes and include specific regulations on new industries such as those related to the internet, he said.
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The report calculated a 7.56-billion-yuan market for Shanghai in the whole industrial chain-education, monitoring of garbage disposal, transportation, and construction of waste treatment facilities. It then projected the Shanghai model to the national level, and estimated the market size will be around 200 billion yuan.
The regulation, approved by the Standing Committee of the Hebei People's Congress, will take effect on Nov 1.
The remarks came one day after US Commerce Secretary Wilbur Ross criticized China's subsidies on the production of robots and electric cars.
The remarks made by Saudi's Vice Minister of Economy and Planning Mohammed al-Tuwaijri raised the possibility of the renminbi entering the oil kingdom's market.