The new 3 Series, produced at the Chinese joint venture BMW Brilliance Automotive, is available in six variants, with prices ranging from 313,900 yuan to 363,900 yuan (,704 to ,992).
The new vehicle combines an electric powertrain and battery with a small petrol generator, giving the car a range of around 110 kilometers on pure electric and a combined range of more than 640 kilometers.
The new rules came as some insurance companies had misused related-party transactions in recent years by setting up non-financial subsidiaries or applying complex financial instruments to make profits improperly, posing serious risks, the regulator said.
The newly formed China UK Business Incubator, which is also called CUBI, is a not-for-profit social enterprise supported by Sheffield-based property developer New Era Development, the Sheffield Chamber of Commerce, Sheffield Hallam University, the University of Sheffield, and Sheffield City Council.
The new Party chief of Hebei province, Wang Dongfeng, emphasized during a visit to Xiongan New Area on Tuesday that the planning and building of the area should be carried out according to high standards.
The new policy will help China's G-SIBs, or banks that are deemed "too big to fail", to make the necessary plans to satisfy the Basel capital adequacy rules and help develop a multilevel capital market, said a PBOC spokesman.
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The new company, which would be provisionally named China Pipelines Corp, will be valued at as much as 500 billion yuan ( billion), Bloomberg said.
The new law was based on the provisional regulations on resource tax, and incorporated changes to three major aspects. It introduces unified tax items, clarifies authorization on determining tax rates and standardizes tax reduction and exemption policies.
The new payroll tax passed 7-2 Monday with two amendments. One exempts nonprofit hospitals from the tax and the other allows the legislation to sunset after 20 years.
The negative growth figures reflected the impact "of the severe and lasting reduction in demand" amid the COVID-19 pandemic, the CNI said. The economy is expected to begin to recover in June, according to CNI's executive manager Renato da Fonseca.