The Belt and Road Initiative, referring to the Silk Road Economic Belt and 21st Century Maritime Silk Road, was initiated by President Xi Jinping in 2013, to promote economic cooperation among economies along the proposed Belt and Road routes, and further open markets in a mutually beneficial manner.
The Boao Forum is expected to keep up with the times, focus on Asia and emerging economies, and provide new solutions to the problems of development and improvement of economic governance, Xi added.
The CEO's remarks are about the latest move to ease access to the world's third-biggest bond market, as policymakers in the Chinese mainland look to encourage overseas investors to issue onshore and to invest in the domestic market.
The COVID-19 pandemic has forced China's financial system to tackle immediate challenges including the very survival of some businesses. But top regulators have not ignored a longer term issue that is as pressing as the former, if not more so-namely, the sustainability of the pension system.
The COVID-19 impact on the global economy is much stronger than that seen during the global economic crisis in 2008. In the past few months, the COVID-19 pandemic overseas has not been effectively controlled. The decline in external demand and restrictions on the flow of human capital and assets continue to impact China's exports, and the overall effect has yet to be fully tallied. The export situation may worsen even further in the coming months.
The CSRC is also speeding up preparations to launch crude oil futures, as well as possible futures markets for cotton yarn, pulp, hogs, red dates and apples, Fang said. Furthermore, the plan to introduce foreign investors to financial futures is underway, Fang added.
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The CIIE logo and mascot Jinbao are showcased at a news conference in Shanghai on July 27, 2018. [Photo by Yang Yang/chinadaily.com.cn]
The Bucket comes as Apple steps up efforts to encourage sales of iPhones during Chinese New Year, a major holiday and shopping period in the country.
The Belt and Road Initiative may experience short-term delays from the COVID-19 pandemic, but its long-term momentum will be sustained and even strengthened with multibillion-dollar projects from Latin America to South Asia underway.
The COVID-19 cases in Indonesia rose by 678 within one day to 25,216, with the death toll adding by 24 to 1,520, Achmad Yurianto, a Health Ministry official, said at a press conference on Friday.