Officials at the China (Shanghai) Pilot Free Trade Zone have responded to criticisms of its "negative list" placing restrictions on foreign investment in the FTZ, saying that the current list of restrictions will be relaxed next year and revised on a yearly basis.
China's e-commerce giants are gearing up to cash in by offering online sales promotions for Singles Day, which is coming up on Nov 11.
Ahead of the Communist Party's much awaited plenum that begins on Nov 9, expectations are high that the meeting will provide the future reform agenda for China and clear the decks for sustainable, balanced development. As the 200 members and 170 alternate members of the Party's Central Committee get ready to meet in Beijing to discuss among other things China's economic blueprint, experts agree that reforms will undoubtedly be the main point of discussions.
Premier Li said China must keep up a reasonable and considerable rate of growth, although it is unrealistic to expect the near double-digit growth rate.
China's non-manufacturing Purchasing Managers Index reached a 14-month high of 56.3 in October from 55.4 in September, suggesting a stable expansion of domestic demand.
Ahead of the Communist Party's much awaited plenum, expectations are high that the meeting will provide the future reform agenda and clear the decks for sustainable, balanced development.
China will further open its mining sector to overseas investors and encourage them to participate in resource exploration and utilization.
The purchasing managers index for China's non-manufacturing sector rose to 56.3 percent in October, the highest in the last 12 months, confirming the stabilizing trend of the Chinese economy.
The purchasing managers' index (PMI) for China's non-manufacturing sector stood at 56.3 percent in October, up from 55.4 percent for September.
More than 2.2 million Chinese are working for the country's rapidly expanding electronic commerce industry as of June, the People's Daily reported Sunday.
Parallel to the development of domestic high-speed rail, the Chinese government and rail enterprises are actively seeking customers overseas.
President Xi on Saturday said China is confident of a sustainable and healthy economic growth and it will further the reform and opening up drive.
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