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China has issued a series of policies to tighten financial regulation, especially since last year, to ensure there will not be any eruption of systemic financial risks.
China currently is South Korea's largest trading partner, export market and largest source of imports by volume, and South Korea is China's third-largest trading partner. Since the bilateral FTA became effective in December 2015, the two sides have cut tariffs four times and about 50 percent of goods they trade in now enjoy zero tariffs, data from the Ministry of Commerce show.
China has been stepping up its reform and opening-up drive, including passing the new Foreign Investment Law last month, reducing tariffs and improving the investment environment, as reflected in it being ranked 46th in 2018－from 78th position in 2017－among 190 economies in terms of ease of doing business, according to the World Bank.
China has decided to speed up local government bond issuance this year to help the timely implementation of various projects.
China has launched a new domestic cloud service platform CECloud, developer China Electronics Corporation (CEC) said. [Photo/CEC]
