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accelerate the process to fully lower the market access threshold for foreign investments in
banking, securities and insurance, the premier said. Service sectors, including medical care and educ
ation, will be opened up along with transportation, infrastructure and energy, he said.
Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati
ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.
Also, preferential policies for investments from Hong Kong, Macao and Taiwan w
ill remain unchanged, and greater development opportunities will be offered for them, Li said.
Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl
ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.
“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.
Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said
Li’s speech reflects the determination to create a more open, fair and transpare
diplomatic ties. During their meetings, Xi agreed with French President Emmanuel Macron and Prime Minister Edouard Philippe to f
orge a more solid, stable and vibrant China-France comprehensive strategic partnership, and continue to explore the way for major countries to get al
ong with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes, Wang said.
In the joint statement issued by China and France on jointly safeguarding multilateralism and improving global governa
nce, the two sides pledged to build international relations of mutual respect, equality, justice, and win-win coop
eration on the basis of respecting international laws and the basic principles of international norms, Wang said.
Speaking of Xi’s visit to Monaco, Wang said leaders of the two cou
ntries have agreed to firmly stick to the correct direction of bilateral relations, adhere to open
ness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era.
During Xi’s talks with Prince Albert II, head of state of the Prin
cipality of Monaco, the Chinese president said both sides should adhere to openness and cooperation a
nd pursue more win-win results, adding that China welcomes Monaco to actively participate in the joint development of the Belt and Road.
cles are starting to gain momentum in the private market. With the overall vehicle market remaini
ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and
the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.
China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi
tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs
idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.
The source said the proportion cut is basically consistent with falling ratios of general cost for co
mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend
ed to become reliant on long-standing subsidies, leading to weak competitiveness.
The statement also asked local governments to remove subsidies on purchases o
f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used
to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.
in their favor. Hundreds of thousands of people marched through London on Saturday calling for a new referendum on whether to leave the EU or remain.
But with the deadline for a Brexit decision less than three weeks away, British poli
ticians remain divided, and increasingly despairing about the country’s political gridlock.
“Brexit is like the Death Star of politics,” Conservative legislator George Freeman said. “I always fea
red it would be like this. It’s destroying and soaking up all the prime minister’s room for maneuver and political goodwill.
“I’ve never known this country so divided, so angry and in such a dangerous state,” he said.
France is willing to support the China-proposed Belt and Road Initiative, with the best way forward
being to work together on a project-by-project basis, former French prime minister Jean-Pierre Raffarin told China Daily.
In an exclusive interview ahead of the state visit of President Xi Jinping to France
on Monday and Tuesday, Raffarin said it is in France’s national interest to be part of the BRI.
“We also want our companies to propose projects which are good for the BRI, but also go
od for our enterprises,” said Raffarin, who served as prime minister from 2002 to 2005.
video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.
It also plans to tap into the social e-commerce sector, which is currently in its testing phase.
Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new
format could display the commodities in more dimensions and increase users’ trust.
Cao Lei, director of China E-Commerce Research Center, said this method could attract consume
rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto
med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.
“Immediate feedbacks could be given to merchants based on users’ instructions. Through their
mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”
China’s cross-border e-commerce sector has been growing rapid
ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.