In early May, China's top financial regulators announced removal of the quota limit on the trading of domestic securities for qualified foreign institutional investors and qualified domestic institutional investors, which will draw more overseas capital into the A-share market.
In an added bonus for Chinese electric battery and auto accessory suppliers, all automakers that manufacture electric cars in China, including international brands, must use locally-produced batteries.
In early 2016, Zhang Min, president of Yucheng Global, said that Ezubao was nothing but a Ponzi scheme. She claimed that senior executives were fully aware of the nature of the business.
In fact, the Chinese mainland was the only major place where fintech investments showed a major increase last year-doubling in the first nine months versus the same period in 2015, whilst investments in the US and Europe declined 38 percent and 27 percent respectively.
In an opinion piece in The Washington Post, author Zachary Karabell wrote that "the quest against Huawei is a ridiculous overreach — predicated on an assumption that the United States can dictate how foreign competitors conduct business".
In answering a question from China Daily about what will follow in the coming months, Liu said the two sides have already established some working groups, including the agricultural group.
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In fact, China and Vietnam are natural partners with complementary economies. To illustrate, Vietnam is in great need of infrastructure development, while China have abundant resources in infrastructure construction, including capital, technology, personnel and experience to share.
In cooperation with the National Center for Cardiovascular Diseases, Pfizer China set up a grass-roots project last year to prevent cardiovascular diseases in rural areas through raising treatment level of doctors and relieving economic pressures of local patients.
In fact, Chinese consumers accounted for 32 percent of all luxury brand purchases worldwide in the year 2017, according to Boston-based consultancy Bain & Co. A November study by the company also said Chinese consumers will be responsible for nearly half of global high-end luxury sales by 2025.
In addition, while studying how to rehabilitate minor offenders, the procuratorate has redoubled the fight against those who harm juveniles.