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China's bond market has accelerated opening up since 2019 with expanding issuance scale of panda bonds, and the launch of Silk Road-themed bonds and the Belt and Road Initiative bonds, according to the PBOC.
China will step up efforts to boost high-end and intelligent equipment manufacturing, and accelerate innovations in sensor and control system as well as industrial software to upgrade the country's traditional industries, said Xin Guobin, vice-minister of Industry and Information Technology.
China's CAGR (compound annual growth rate) of venture investment in innovation has been up to 41 percent since 2012. Unlike in the US, where financing in innovative industry mainly relies on venture capital, multiple Chinese technology enterprises make a great deal of investment in internet and AI with their own funds. This establishes a relatively loose financing environment for the development of domestic innovative industry.
China's big three telecom carriers unveiled a new 5G-enabled messaging service on Wednesday, which analysts said is likely to open a new era for social networking.
China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.
来源：资阳报