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CNB To Prevent Excessive CZK Moves

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China is accelerating an upgrade to high-end industries while steadily advancing a low-carbon transformation, focusing on seven key areas including new energy, new materials, new energy vehicles, green smart shipment, environmental protection, high-end equipment, and energy electronics, the Economic Information Daily reported. Governments from ministerial to local levels are arranging policy and funding support and the output value of these related industries will reach CNY11 trillion by 2025, the newspaper said. It is also necessary to avoid repetitive low-level construction projects, and some provinces should suspend project planning in time, the newspaper said citing Mao Tao, an official from the Ministry of Industry and Information Technology.

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