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China announced plans last year to phase out the equity cap on foreign ownership in automotive joint ventures by 2022.
China Huarong Asset Management Co Ltd, one of China's largest State-owned asset managers, has set up an online platform for bad debt transactions, as part of its efforts to broaden channels for disposal of distressed debt and increase efficiency of transactions.
China and Pacific island countries have strong complementarities in economy, and there is tremendous potential for partnership, Xi said. He added that the common interests between them have increased under new global circumstances, and the foundation for cooperation has expanded rather than narrowed.
China aims to cut the cost of internet services by another 20 percent this year, which will involve a total of about 180 billion yuan (.8 billion), Premier Li Keqiang said at a news conference on Friday.
China Daily: Recent years have seen a rapid increase of Chinese investment in the UK, which has become a major highlight of China-UK business cooperation. What is the reason behind such growth? What areas are Chinese investors focusing on?
来源：资阳报