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industries develop fast, and new sectors have been emerging, such as unmanned warehousing, facial recognition payments and new online-to-offline groceries.”
Meng also said that a new version of the nationally unified negative list for market access will be rolled out w
ithin the year. Illegal or implicit entry barriers and locally issued negative lists will be canceled, she said.
The Chinese authorities will also establish and refine mechanisms for adjusting the annually released
list when necessary, she said, adding that the list will better cope with the reforms to delegate power, streamline ad
ministration and optimize government services, and will better meet the needs of market entities for broader access.
Wang Yuanhong, deputy head of the Department of Economic Forecas
ting at the State Information Center, said the fast growth of high-tech industries and the
service sector reflects the ongoing upgrading of traditional industries and the optimization of C
s in the first four months of this year stood at 8.35 million units, a decrease of 12.12 percent compared with last year. Th
e country produced 8.39 million units during the same time, down 10.98 percent year-on-year.
New cars at a parking lot in Qingdao, Shandong province, are ready to be delivered to clients, April 30, 2019.
In April, China’s total vehicle sales fell 14.61 percent year-on-yea
r to 1.98 million units, and the output dropped by 14.45 percent to 2.05 million units.
The sales of self-owned brands passenger vehicles totaled 584,700 units last month, a decline of 27.88 percent year-on-year.
profits in producing electric bicycles, exploring niche markets, an
d improving intelligent and network connecting levels, Economic Daily reported Monday.
As China’s bicycle-sharing companies experienced periods of boom and decline in 2017 and
2018, many of the country’s bicycle companies have discovered new profit potential by producing e-bicycles.
Statistics show the output of shared bicycles was 5 million in 2018, a quarter of that of 2017, while the o
utput of e-bicycles reached 32.78 million in 2018, up 5.8 percent year-on-year, according to the report.
Benefiting from ever-growing demand, the development of the e-bicycle has maintained strong growth momentum. In the f
irst quarter of this year, the profit growth rate reached 28.7 percent for e-bicycle enterprises above the designated size
in the industry, which refers to those with an annual main business revenue of 20 million yuan ($2.98 million) or more.