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CALL FOR MULTILATERALISM

By relaxing requirements for foreign-invested financial institutions on setting up branches and subsidiaries in the country and expanding their scope of business, China will encourage healthy competition between foreign and domestic financial institutions, improve consumer experiences and better protect consumer interest.

By the end of March next year, all barriers restraining foreign investors that are not on the negative list will be removed to ensure the same standards for domestic and overseas companies.

By then, the plant will produce 500 to 1,000 light aircraft a year, with an expected annual sales revenue of 2 billion yuan to 3 billion yuan. Most aircraft produced there will be sold in China to meet domestic demand.

By digitalizing segments of their service offering it helps hotels to stay competitive as they keep guests satisfied and returning for repeat business, said Neil Wang, president of consultancy Frost & Sullivan in China.