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China's Vice Minister of Commerce Gao Yan said at the opening ceremony that infrastructure construction is the basis of economic development and helps improve people's livelihood.
China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.
China's A-share market was the highest performing stock market in the world in 2019, rising 31 percent compared to 22.3 percent for the US' S&P 500 index, 8.5 percent for the UK's FTSE 100 and 11.5 percent for Japan's Topix index－though, of course, past performance does not promise future performance in any of these markets. And, the A-share market suffered large losses in 2018. The huge 2019 rise in the A-share market is especially impressive in the face of trade frictions with the US.
China will simplify the application process for the licensing of temporary inbound vehicles, and temporary driving licenses for overseas people, the Ministry of Public Security said on Tuesday.
China will implement measures on lowering import tariffs, reduce intermediate links of distribution and clear unreasonable price markups to let the people enjoy the benefits from lower tariffs, the statement said.
来源：资阳报