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China is also planning to tell local governments to stop offering subsidies, which stand at 50 percent of government subsidies this year, according to Bloomberg.
China is New Zealand's largest export market for lobsters. [Photo/VCG]
China is expected to have 576 million 5G users by 2025, or over 40 percent of global consumption, according to a report released by global consultancy EY earlier this month.
China is also about to remove foreign ownership caps on fund management companies and securities firms from April 1,2020 and Dec 1, 2020, respectively, the CSRC said at a news briefing.
China is a strategic partner for Saudi Aramco and one of the most important customers globally, and the company is looking at both the export of oil and integration down the value chain in the Chinese market, he said.
