20191012 China News
Source: | Author:eacham | Published time: 2019-10-12 | 717 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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Beijing said on Thursday that it will, as always, welcome foreign businesses, including companies from the United States, to invest and operate in China, reaffirming its commitment to protect their legitimate rights and interests.

China will see its economic growth improve next year as industrial restructuring pays off, a New York-based business research group said Thursday. China's campaign to eliminate overcapacity has started to pay dividends and that will contribute a lot to the country's economic improvement, said Erik Lundh, a senior economist at The Conference Board.

China has set a clear timetable for allowing full foreign ownership of financial service companies, the country's securities regulator announced Friday.

Shanghai's sci-tech innovation board may see increased foreign participation over the next few quarters, as a key global index provider is expected to include eligible STAR-listed firms and as the new board provides a larger investable pool, analysts said.

Tax income distribution between the central and local governments has been rebalanced to ensure that the slew of planned tax and fee cuts will not drag some regions into financial problems, according to a statement from the State Council, the country's cabinet.

China is actively taking steps to spur lending to micro, small and medium-sized enterprises secured by their credit records, in a move to lift the economy amid mounting growth downside pressure.

China's capital market opening-up is gathering speed as foreign capital will be allowed to wholly own mutual fund management companies starting April 1, a year ahead of schedule, the top securities regulator said on Friday.

Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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