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Despite a shaky global recovery and rising trade protectionism, the Asian economy will maintain robust growth in the upcoming years, as countries in the region deepen economic cooperation and benefit from the Belt and Road Initiative, renowned economists and officials recently said at the Boao Forum for Asia annual conference.
China’s economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period.
China will allow full foreign ownership of car firms by 2022 in a move that could open up the world’s biggest car market.
The nation will cut import tariffs on automobiles and other products as early as possible, as part of the country’s initiative to further open up, Vice-Minister of Finance Cheng Lihua said on Wednesday.
China will boost the efficiency of its State-owned enterprises with market-oriented principles in the next round of the nation’s opening-up so they can better compete in overseas markets, the head of the State-owned assets regulator said on Wednesday.
The World Trade Organization (WTO) said on Thursday that the global trade is expected to remain strong, with the merchandise trade volume will grow 4.4 percent in 2018 and 4.0 percent in 2019.
Two leading British academics were presented with 10-year multiple-entry R visas at China’s Embassy in the UK on Tuesday. The R visas were introduced by China’s government earlier this year in an effort to attract more overseas talent.
Chinese telecoms giant Huawei has launched Paris OpenLab as part of its plan to create an open system offering innovative solutions to pave the way for digital transformation and promote industry ecosystem development, it said in a statement released on Wednesday.
Tourism revenue in China is estimated to reach 167.7 billion yuan ($26.7 billion) during the upcoming spring holidays, according to statistics released by the Ministry of Culture and Tourism Tuesday.