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Chinese President Xi Jinping holds discussions with representatives of entrepreneurs from home and abroad, who gather here for the annual conference of the Boao Forum for Asia (BFA) in Boao, South China's Hainan province, April 11, 2018. [Photo/Xinhua]
China's top banking and insurance regulator said it supports banking and insurance institutions to conduct business cooperation with Ant Group in accordance with laws and regulations, to better support the development of the real economy, Financial News reported on Friday.
China's service industry accounts for over 51 percent of economic output while the proportion in developed countries like the United States and Japan is over 70 or 80 percent of the economy.
Chinese State Councilor and Foreign Minister Wang Yi. [Photo/fmprc.gov.cn]
China's population is aging so rapidly that in 2016 the government announced that every couple could have two children, which ended the decadeslong policy that prohibited most families from having more than one child.
来源：资阳报