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Another Chinese startup Xpeng plans to go public in New York later this year, said Reuters citing sources with knowledge of the matter.
Apart from covering a wider range of areas, the new round of self-initiated opening-up focused more on institutional changes, according to Long Guoqiang, deputy head of the Development Research Center of the State Council.
Another potential push for the renminbi is China's domestic consumption. Domestic consumption contributed 64.1 percent to GDP growth by the end of the first quarter of this year. The figure is expected to be higher in the years to come, making China a major final destination in trade relations with other countries－a fundamental support for trade invoicing of the currency.
Another report published last month by the Institute of Population and Labor Economics at the Chinese Academy of Social Sciences (CASS) states that those born between 1990 and 1995 prefer free and open corporate cultures, while many born after 1995 are pursuing such lines of work as hosts of live web-streams or are becoming online influencers.
Another survey conducted by The Trade Desk and Forbes Insights on CMOs from global companies in late 2018 showed that 80 percent were planning to increase their investment in China over the next 12-18 months.
来源：资阳报