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China opened its asset management industry to international players in 2016 by allowing them to set up wholly foreign-owned enterprises to raise onshore funds and invest in the mainland's securities market. Previously, they could only enter the market by owning a minority stake in a joint venture with a local partner.
China reiterated in August that the country will take necessary and targeted measures to maintain the steady operation of its foreign exchange market and stabilize market expectations. This is "for the purpose of preventing a sharp depreciation in the yuan, rather than prompting devaluation of the yuan to gain an edge in exports", he said.
China will carry out an evaluation of its business climate by measuring it against international standards, according to a statement issued after the State Council's executive meeting, chaired by Premier Li Keqiang, in Beijing on Wednesday.
China is willing to take this year's 55th anniversary of the establishment of diplomatic ties between the two countries as an opportunity to bring the bilateral ties to a higher level, Wang said.
China will also speed up development of world-class technological innovation centers to foster new growth drivers, and expand investment in infrastructure related to key areas such as poverty relief, agriculture and energy to stimulate demand, he said.
来源：资阳报