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China's exchange rate is broadly in line with economic fundamentals. [Photo/VCG]

China's financial services sector is seeing acceleration of opening-up, which will likely attract big names in the global securities industry, gradually reshaping the local securities landscape, experts said.

China's drive to further open up its aircraft manufacturing sector will be a shot in the arm for both the local industry and foreign companies planning to increase their investments, said the newly appointed China CEO of European aircraft manufacturer Airbus SE.

China's luxury shoppers are expected to make 50 percent of all global luxury purchases this year. but they will mostly shop at home, according to consulting firm Gartner.

China's internet data services, including data center and cloud computing businesses, realized 11.62 billion yuan (.67 billion) in revenue in 2019, an increase of 25.6 percent from a year earlier, People's Daily reported on Wednesday, citing a report from the China Academy of Information and Communications Technology.