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China will speed up the exit of State-owned "zombie" companies from the market to create a better business environment, the National Development and Reform Commission said on Tuesday.
China's another two US-listed companies — Baidu Inc and NetEase Inc — have nailed down their sponsors for Chinese Depositary Receipts (CDRs), Caixin reported on Wednesday, adding that Baidu is expected to come back to the A-share market in June, along with Alibaba and JD.
China's accession to the CPTPP as soon as possible is expected to add a new dialogue platform for China and the US, which can promote a rebound in US-China relations and establish a new platform for China and the US to resolve trade disputes.
China's central bank, the People's Bank of China, took action late on Wednesday to lower the credit evaluation standards for financial institutions. The measure will allow more of them to deposit less funds in the central bank as reserve requirements, according to a statement on the PBOC's website.
China will offer other services, such as scientific research and meteorology, to countries in the region, Wang added.
