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China has vowed to take substantial efforts to further open up its financial sector to foreign investors. It has, for example, allowed foreign enterprises to take as high as 51 percent of shares in Chinese securities, fund management, futures and life insurance companies and the cap will be eliminated in 2021.
China is the world's largest mobile payment service market, with both tech and financial giants promoting their own tools to facilitate easier payments for daily shopping, dining and commuting.
China included the development of hydrogen stations for new energy vehicles for the first time last year in its Government Work Report. This was a result of the government's endorsement of hydrogen stations and the country then sold 2,737 hydrogen fuel-cell vehicles in 2019, up 79 percent year-on-year.
China imports about 70% of its oil needs and more than 90 million tons of soybeans every year. We also depend heavily on imports for many other commodities, which makes it impossible for us to develop behind closed doors.
China in June officially approved 5G commercial services, marking the start of a smart new era as the application of the superfast wireless technology helps connect more services, sectors and people from all walks of life.
来源：资阳报