The monetary authority is working to remove obstacles in the yuan internationalization process, according to observers, who expect that a broader opening of China's financial market will substantially boost the use of the yuan overseas.
The move is part of the United States company's broader efforts to establish a beachhead in new-generation artificial-intelligence-enabled human-machine communications.
The move to unify the three laws-under which foreign companies register in China-into a single piece of legislation while also highlighting many of the challenges faced by foreign businesses in the domestic market is being viewed positively in light of the reality facing companies from overseas, according to Gu Chunyuan, president for Asia, the Middle East and Africa at ABB Group, the Swiss industrial conglomerate.
The nation's top economic regulator rolled out the new negative list for foreign investors on Thursday, the latest move in a series of measures in recent months to promote economic opening-up.
The move comes as China vows to accelerate SOE ownership reform and strengthen the micro foundation of market economy, according to a statement released by the NDRC last week after the national work conference on economic system reform.
The modus operandi for the recent bomb-related cases is similar to terrorism attacks characterized by making advanced demands online calling for strikes or full closure of the border followed by someone claiming responsibility, also online, after it happened, Li added.
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The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.4 percent year on year to 55.68 trillion yuan by the end of last month.
The moderate industrial growth and external risks may add to the pressure of a growth slowdown in the short term, the December edition of China Economic Update, said a brief report released by the bank.
The moves will reduce financial risks and contribute to an improvement in corporate profitability and productivity, although some easing of macroeconomic policy is still warranted, according to the World Bank economist.
The multimodal transport logistics center aims to become a new hub to connect Japan, South Korea and Southeast Asia to Central Asian and European countries.