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China's recent monetary policy of fine-tuning toward more prudence other than money supply increases has pointed to policymakers' confidence in tackling long-term development challenges instead of stimulating short-term expansion as the economy is expected to further stabilize, Qiu added.
China's shortened negative lists in the mining sector, and the lifting of restrictions on the exploration and development of petroleum and natural gas reserves, represent a rare opportunity that is likely to be utilized to the hilt by energy multinationals such as French oil giant Total, Anglo-Dutch behemoth Royal Dutch Shell, British heavyweight BP and international metals and mining company Eurasian Resources Group, industry experts said.
Chinese Foreign Ministry spokesman Wang Wenbin said on Monday that TikTok's being hunted down is a typical coerced transaction by the US government. He urged Washington to provide an open, fair, just and nondiscriminatory business environment for foreign companies.
China's transport industry has seen rapid development, with 1.28 million km of rural roads built or renovated in the last five years, and over 99 percent of townships and over 98 percent of villages now connected by asphalt or cement roads.
China's recent directive on the protection of intellectual property rights is encouraging and helpful for foreigners, US IP law experts say.