The court said in a statement released on its official WeChat account that the decision was made after fully negotiated with Zhang and his lawyer as well as soliciting their opinions.
The current cost of a COE for an average family car is almost Sg,000, pushing the price of a Toyota Corolla to Sg4,000(,000).
The country's industrial production is expected to continue to edge higher while the contraction in retail sales is expected to narrow to around zero in June from-2.8 percent in May. Growth in fixed-asset investment will remain robust with infrastructure investment expanding at a double-digit rate thanks to abundant government funding, economists said.
The crackdown comes as state governments take even more extreme measures to stop the spread of COVID-19.
The coverage by mainstream media also helps the US government justify its actions to place possible sanctions on China, Song continued.
The currency's exchange rate reform towards a more market-oriented mechanism will continue, said Lu Lei, the SAFE deputy director, while the renminbi weakened for the second straight trading session after hitting the 21-month high on Monday.
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The current top 10 Chinese iron and steel companies came into existence through M&As, he said.
The dam is just one of several infrastructure projects that have arisen as a result of Sudan's participation in China's Belt and Road Initiative, a modern version of the ancient Silk Road trading route proposed by President Xi Jinping in 2013.
The country's top emergency management authority has launched a campaign to comb through novel coronavirus quarantine facilities for safety hazards as rescue efforts concluded in a collapsed hotel in Quanzhou city, East China's Fujian province, on Wednesday.
The creation of colonies by European nations in many countries of Asia in the past 400 years caused great hardship and subjugation.