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China announced new measures over the weekend to further open its financial sector, with the liberalization extended to several new business areas. Foreign asset managers will be allowed to take controlling stakes in wealth management joint ventures with the subsidiaries of Chinese commercial banks and insurers. Foreign companies are also allowed to own stakes in pension fund managers and currency brokers. The latest policies also involved deregulation in bond underwriting and credit rating businesses.
China and Pakistan have agreed to jointly upgrade the 1,600-kilometer railway linking southern and northern Pakistan as part of a move to push forward construction of the China-Pakistan Economic Corridor, a Pakistani special envoy said on Sunday.
China Southern and China Eastern airlines, along with other SkyTeam airlines, will move to the new airport, while Air China and other Star Alliance carriers will continue to operate flights from Beijing Capital International Airport.
China and the United States should promote trade balance by expanding trade volume and pragmatically tackle friction and differences through dialogue and negotiation, Premier Li Keqiang said on Monday.
China Telecom, a leading mobile operator in China, reported its net profit for the first half of 2020 has hit 13.95 billion yuan (.01 billion), increasing 0.3 percent from a year earlier, according to the company's financial announcement released Tuesday.
来源：资阳报