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China will set up more cross-border e-commerce pilot zones to facilitate trade and boost China's global competitiveness.
China will further simplify the process of setting up foreign-invested enterprises to promote its high-standard of liberalization and facilitation of trade and investment, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.
China's banks issued a combined 1.1 trillion yuan (0 billion) of new loans in the last month, an increase of 126 billion yuan from a year ago, according to the People's Bank of China (PBOC) website Wednesday.
China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.
China's asset management businesses have experienced rapid growth in recent years, but their expansion has also caused high leveraging and shadow banking, which authorities have attempted to rein in.
来源：资阳报