Tag Archives: China’s Ministry of Industry and Information Technology

hina’s electric car production grows three-fold in May

China’s electric car production grows three-fold in May

    BEIJING, June 24 (Xinhua) — Chinese manufacturers produced three times more new energy vehicles this May than they did last year, the Ministry of Industry and Information Technology said on Wednesday.

Production of pure electric passenger cars rose 300 percent to 9,922, with hybrids rising nearly 400 percent to 4,923. Production of pure electric and hybrid commercial vehicles rose by 700 percent and 36 percent, respectively. A total of 19,100 such vehicles rolled of the production line May.

In the first five months, Chinese automakers produced 53,600 new energy vehicles; again nearly a threefold increase over 2014.

The government has been working hard to put more new energy vehicles on road, saving energy and reducing pollution. In March, the Ministry of Transport set a target of 300,000 new energy commercial vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and delivery vehicles.

The Ministry of Commerce also announced earlier this year that China will continue to build charging facilities in cities and allow tax exemptions and subsidies on vehicle purchases. Enditem

 

 

China allows foreign equities to have 100pct stake in online data processing and transaction processing biz

China allows foreign equities to have 100pct stake in online data processing and transaction processing biz

BEIJING, June 19 (Greenpost) — China’s Ministry of Industry and Information Technology (MIIT) released a circular on Friday that foreign equities could have 100 percent stake in the country’s online data processing and transaction processing business (operating e-commerce).

The move signals that the Chinese government has gradually lifted its restrictions on foreign equities’ access to the e-commerce sector, which can help create a competitive environment for the business and promote its development.

Online data processing and transaction processing business is one of the value-added telecom businesses, which need a business license granted by the government.

In January 2015, MIIT decided to allow foreign equities to have 100 percent stake in the online data processing and transaction processing business in the Shanghai Free Trade Zone (FTZ). (Edited by Zhang Yuan, zhangyuan11@xinhua.org)

 

Source  Xinhua

Editor   Xuefei Chen Axelsson