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China on Monday opened the 3rd Digital China Summit in Fuzhou, capital of Fujian, to shed light on the country's achievements in applying digital technologies to promote economic and social development and aid the battle against COVID-19.

China launches a Long March 11 solid-propellant carrier rocket from a ship in the Yellow Sea on Tuesday morning, Sept 15, 2020. [Photo by Wang Weitong/Provided to chinadaily.com.cn]

China not only attracts US investors' attention but also European investors in diversified areas. Unlike Europe, VC constitutes a huge part of PE in China, about 40 percent of PE investments can be deemed VC/growth…compared to only some 14 percent VC in European PE, said Claus Mansfeldt, president of Luxembourg Private Equity and Venture Capital Association.

China will accelerate the process for the inclusion of credit information about online lending in its credit reference system to improve the institutions of joint punishment for dishonest borrowers, a regulatory official said.

China unveiled 53 measures in November at its 12 FTZs to further streamline administration, step up compliance oversight and services and promote innovation and exploration within those zones.