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China has taken a major step to integrate its bond markets by launching a connect program, a move that will improve market efficiency and facilitate foreign investment, experts said on Monday.

China is the third-largest export market for Michigan, trailing Canada and Mexico, according to Connors.

China has signed memorandums of understanding on cooperation with six multinational development organizations including the World Bank and the Japan-led Asia Development Bank, encouraging them to participate in the initiative, said Zhou Qiangwu, director general of International Economics and Finance Institute of the Ministry of Finance.

China is considering a slew of measures to boost car sales as part of its efforts to counteract negative effects of the coronavirus outbreak on the auto industry.

China is dedicated to peaceful solution of the Korean Peninsula issue through dialogue and consultation, Liu said.