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China is working on transforming its IPO approval system into one based on registration, which will allow the bourses to take over IPO approvals and clear the backlog of waiting companies.

China to further open up to foreign investors

China started to ban imports of 24 types of solid waste in 2018. An action plan approved by the central government that increases the limits on the types and amounts of the waste is expected to be completed by the end of this year.

China jumped 15 places to 31 out of 190 countries and regions for ease of doing business in the World Bank Group's Doing Business 2020 study, making it one of the most improved economies in terms of doing business.

China was the first nation to ground MAX jets last March after crashes on Oct 29, 2018, in Indonesia and March 30 in Ethiopia killed 346 passengers and crew. Investigators have focused on the anti-stall device that may have erroneously pointed the nose of the planes down to gain speed to prevent a mid-air stall and into a fatal plunge.