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going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday
in a statement on its website. “The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors t
o expand investment in the ma rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi nancing to play a more significant role in allocating savings and investment, and better serve the economy.
s become a driving force behind economic growth, and interne
t companies should concentrate on making
breakthroughs in core technologies. “The country is narrowing the gap with developed countries, especially in autonomo
ng, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o ur pace is faster and our potential is bigger,” s
aid Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc. He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni
ties of AI, and the country’s efforts in tech
nological innovations will begin gradually changing the world. Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons
truction of a digital China and high-quality social and economic development, and internet firms should co
nsolidate basic research and focus on making breakthroughs in core technologies.
ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre
ngthen the WTO and jointly maintain free tr
ade and the multilateral trade system, he said.a Beijing International Horticultural Exhibition welcomed its first tourist peak by serv
ing more than 320,000 tourists during the fou
r-day May Day holiday, the organizer said Saturday. Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte
rnational Pavilion, the Life Experience Pavilion, t
he Botany Pavilion and the Gui Some 132 activities, including float parades, world ethnic and folk cultural perform
ances, and culture and art carnivals staged by central and eastern European countrie
s, were held during the holiday. With the theme of “Live Green, Live Better,” the expo opened to the public on M
onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.
rui Theater were among the most popular destinations, which h
ave received a total of over 734,000 visitors during the holiday.