Financial capital

THE government has issued guidelines on improving the management of State-owned financial capital, domestic television reported Sunday.

CCTV said the guidelines call for State-owned firms to preserve and improve their financial capital, better serve the economy and fend off potential risks. The report did not elaborate.

Electric car subsidies

THE government is considering a further reduction in electric vehicle subsidies next year as the government pushes automakers to innovate rather than rely on fiscal policy to spur demand for alternative-energy cars, sources familiar with the plan said.

The average purchase incentive per electric vehicle may be lowered by more than a third from the current levels, said the sources. Vehicles may be required to be able to go at least 200 kilometers on a single charge to be eligible for incentives, up from 150 kilometers currently, said the sources. The plan is still under discussion and subject to changes, they said.

Agricultural imports

CHINA wants to import more agricultural products from central and eastern Europe, Premier Li Keqiang told a summit of those countries’ leaders Saturday as he seeks to boost business ties and investments in the region.

China has promised billions for development projects in the region as part of its Belt and Road strategy to carve out new export markets.

E-commerce markets

CHINA’S major cross-border e-commerce players put much focus on the Middle East and India markets, a report has shown.

Five of the top 10 best performing cross-border e-commerce apps in the first five months focus on the two regions, according to a report from app data provider App Annie. Alibaba’s AliExpress tops the list, which mainly reviews the performances of third-party business-to-consumer e-commerce platforms targeting overseas consumers.