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It will shorten waiting time for customs clearance, thus boosting border logistics and trade and promoting connectivity under the Belt and Road Initiative, said Huang Xiong, deputy director of Dongxing Customs.
The new rules will also allow overseas financial institutions to hold stakes in foreign-funded insurance companies operating in China.
"A win-win cooperation is an unstoppable trend of development. Trade development needs to be aligned with major national strategies. By deepening Belt and Road economic cooperation, China will see its high-quality development path getting broader and broader," said Chen.
Stating that bilateral cooperation is "always standing at the forefront of cooperation between China and Western countries," Li said that the two countries now face new opportunities.
Xi said that China is ready to work with Saudi Arabia to strengthen the synergy between the BRI and the Saudi Vision 2030, and enhance bilateral practical cooperation in energy and other fields. China appreciates the positive efforts made by Saudi Arabia to promote relations between China and Arab countries as well as Islamic countries.
来源：资阳报