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Custodian service could give Standard Chartered an advantage among Western banks growing their China activities. This competition became particularly fierce following an announcement by the Chinese government in November 2017 that allowed foreign banks to seek majority ownership of their China joint ventures for the first time.
Currently, Volvo's exports to Europe and the United States amount to about half of all China-made vehicles sold there, according to the carmaker.
Currently, the country's financing regulators are "proactively and steadily promoting further opening up of the banking sector", and new measures will provide more development opportunities to foreign financial institutions doing business in China, Wang said.
Ctrip said more than half of its May Day holiday clients belonged to that age group. In contrast, clients born in the 1960s and 1970s accounted for only 27 percent.
Currently, the principal contradiction of Chinese society has evolved to be that between "unbalanced and inadequate development and the people's ever-growing needs for a better life".
来源：资阳报