While helping China achieve an economic miracle, reform and opening-up has also facilitated the most comprehensive modernization campaign and initiated the most important political remolding of the Chinese nation. It is truly a political miracle based on China's history, self-innovation and experiences gathered from international interactions.
And Indian Prime Minister Narendra Modi called the AIIB "a result of collaborative efforts of Asian countries to provide a better tomorrow to our people", asserting that regional multilateralism through institutions such as the AIIB can play a central role in helping increase resources.
The World Trade Organization has lauded China's commitment and support for trade-related matters and praised the white paper issued by the nation on the subject.
Beijing-based State Grid Corp of China said it welcomes government efforts to further ease ownership caps on the construction and operation of power grids.
China's aim to further open up its aircraft and car manufacturing sectors will be beneficial for both local and foreign companies planning to increase their investments, said industry experts.
The Chinese government said on Thursday that foreign securities, futures and insurance companies will be allowed to have a majority stake in their Chinese joint ventures this year, and by 2021 there will be no foreign shareholding limit for such businesses.
China's financial regulators have made out a schedule to implement credit support for small and micro-sized enterprises, aiming to channel funds into the real economy and strengthen growth momentum.
A lukewarm response from retail investors is casting a shadow over technology juggernaut Xiaomi's IPO in Hong Kong, a setback that could apply a sudden brake on the city-wide 'New Economy' IPO spree in the months ahead.
Chinese railway companies are on course to win bids to operate High Speed 2 trains in the United Kingdom because of the chaos among rival British bidders.
Jiangyin Mould Plastics Group Co Ltd, a car device manufacturer based in Jiangyin in East China's Jiangsu province, has grown from a small company with fewer than 100 employees to a large enterprise with 4,000 staff members, thanks to its pursuit of tech research and development.
REPORTEDLY, some e-commerce giants have compelled their sellers to sign exclusive cooperation agreements with them during the big promotion seasons, such as the Nov 11 and June 18 online shopping festivals, and a financial company of an e-commerce platform group has required its partner banks to ink a special agreement to prevent them providing their competitors with relevant services. People's Daily comments:
There can be no order without rules. And trade is no exception to this. The World Trade Organization regulates the trade between nations to ensure that trade flows as smoothly, predictably and freely as possible.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
