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China's further opening-up of its financial sector is viewed positively but there are also some reservations as to how quickly foreign institutions will be able to penetrate the market, said PwC's global banking & capital markets sector leader.
China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, and the non-manufacturing sector continued to expand, nearing a three-year record high, according to the National Bureau of Statistics.
China's new round of reform and opening-up will encourage global companies from the high-end manufacturing sector to further transform traditional industries with smart manufacturing in the country, said business executives.
China's financial sector opening-up has sped up.
China's financial center Shanghai boasts the best business environment in the country, according to a report on China's urban business environment index jointly released by the China Strategic Culture Promotion Association, the China Economic Media Association, WANB Institute and YICAI Research Institute.