The second China International Import Expo (CIIE) will be carried out on a larger scale and a higher level, aiming for better quality and stronger innovation results, Shanghai Mayor Ying Yong said at a news conference on the city's core competitiveness on Tuesday.
The Chinese market will soon witness the first joint venture firm where a foreign company will take an absolute controlling stake as part of the deeper opening up of the country's financial sector.
China's manufacturing sector contracted slightly in June according to the latest purchasing managers indexes, but factory activity may pick up later given the indexes' structural improvements and potential policies to boost consumption, analysts said on Monday.
Optimism is on the rise in the financial market after the leaders of China and the United States agreed to resume trade talks during the weekend. Policy observers said that it eased negative sentiment among investors and was an opportunity to reheat the global economy.
The government's widening market access for foreign investors in mining and the cancellation of restrictions on the exploration and development of petroleum and natural gas represent a precious opportunity for foreign oil, gas and mining companies, and have been well received by multinational corporations.
The new industry catalog encouraging foreign investment shows China's determination to further open up its economy and bolster international cooperation, which will help the nation to achieve high-quality development, experts said.
Siemens Mobility, the transportation unit of German industrial conglomerate Siemens AG, announced on Monday it will provide the fully automated propulsion system solutions for the first phase project of Beijing's mass transit subway line 19.
The launch of technology-focused STAR Market by the Shanghai Stock Exchange on June 13 marked yet another step of the metropolis toward transforming itself into an international financial hub.
Great efforts have been made by the central regulators and the municipal government of Shanghai to narrow the gap between the city and other leading financial centers such as New York, London and Singapore. The spectacular results of their efforts are now evident in the form of Shanghai's rising stock among the world's best financial hubs.
When some north Indian states were rocked yet again by deaths of hundreds of children due to Japanese encephalitis, or JE, last month, executives of China National Pharmaceutical Group Co, or Sinopharm, the largest healthcare company in China, realized the lifesaving role the company's vaccines could play not just in China but all over the world.
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