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China Life Asset Management Co Ltd set up the industry's first special product to participate in defusing the liquidity risk of stock pledges of high-quality listed companies, according to a report by Economic Information Daily.
China and the EU need to remain committed to the overall direction of economic globalization. In his speech at the World Economic Forum in Davos earlier this year, President Xi Jinping underscored China's commitment to upholding free trade and put forward the proposition of making economic globalization more open, inclusive, balanced and beneficial to all. His message has given a boost to people's confidence in economic globalization.Powered by trade and investment liberalization and facilitation, economic globalization has always been and will continue to be a major driver for sustained global growth. Just as there is no panacea in the world which does not involve any pain, economic globalization is not problem-free. We need to face up to these problems and make efforts to address and alleviate their adverse impacts. In any case, one cannot stop eating for fear of choking, to apply the brakes on economic globalization or try to reverse course is neither advisable nor consistent with the historical trend. The most urgent task now is to uphold free trade, re-energize trade and investment, push the global economy onto the track of steady recovery and spread the benefits of economic globalization to more countries and communities. Both being beneficiaries of free trade, China and the EU should also be its staunch advocates.
China Development Bank, one of the country's three policy banks, and the Russian Direct Investment Fund (RDIF) announced on Tuesday plan to set up China-Russia RMB Investment Cooperation Fund.
China Space Station is set to welcome aboard nine international scientific projects from 17 countries covering a wide range of research areas.
China and Brazil signed a memorandum of understanding on Tuesday to diversify service trade to upgrade their commerce structure from commodity and goods exchanges.
来源：资阳报