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China's electric vehicle battery market is expected to embrace better-quality products with lower prices as the nation opens the industry to both domestic and international players, leading to fierce market competition and helping bring better batteries to the market, industry experts said.

China's insurance regulator barred Yao Zhenhua, chairman of Foresea Life Insurance, from the insurance sector for 10 years for irregular market operations.

China's financial sector will play an important role in changing the world economy in the coming decades, when financial resources could be allocated worldwide more efficiently through supportive opening-up measures. [Photo/VCG]

China's major investment projects in various regions will certainly create fresh opportunities to export sectors, such as precision instruments, mechanical and electrical equipment, said Li Danghui, deputy director-general of the ministry's department of market operations and consumption promotion.

China's largest chipmaker Tsinghua Unigroup Ltd on Monday announced its ambitious goal to become an international cloud computing giant, saying it will ramp up efforts to offer public cloud services in the future.