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China has sped up financial opening-up in recent years. In 2018, the country removed foreign ownership caps of banks and financial asset managers. Foreign capital was also allowed to have majority ownership of securities firms, fund managers and futures companies in China.
China is still 10 to 15 years away from reaching tech parity with the United States, the report said.

China has set up three Internet courts in Hangzhou, Beijing and Guangzhou to handle Internet-related cases. The country's 800 million Internet users and booming online business have led to rising number of Internet-related disputes.
China has vowed to further reduce the number of sectors in which foreign investment is restricted from 63 to 48, especially in the service sector, infrastructure, railway passenger transportation, international shipping, grain purchases and wholesale businesses.
China is ready to boost the synergy of the two countries' development strategies and expand cooperation in various fields including trade, investment and energy within the framework of co-building the Belt and Road, Wang said.
来源:资阳报