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China plans to eliminate 100 million to 150 million tons of crude steel capacity in the five years from 2016.
China today possesses the core technology for almost all advanced rail transportation equipment in the world, and the average cost of high-speed railways built by Chinese companies is about half of that by foreign counterparts, while the construction efficiency is much higher, said Ding Rongjun, an academician from the Chinese Academy of Engineering in Beijing.
China released guidelines in late April allowing foreign investors to set up securities trading firms with holding status as part of China's opening-up efforts.
China will continue to shorten the negative list this year to further improve its business environment for foreign investment as part of the country's efforts to open up its economy and pursue high-quality development, according to senior officials and experts.
China should improve its risk control mechanisms and regulatory framework in the process of further opening-up, said Song.
来源：资阳报