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China's 10-year treasury bond futures closed higher on Friday. [Photo/Sipa]
China's central bank Monday announced a decision to abolish old regulations, to smooth operation of foreign-funded businesses, while another banking regulator also rolled out measures during the weekend to cut red tape for foreign lenders.
China's banking sector disposed of around 2 trillion yuan (0 billion) in nonperforming loans last year. About 19,200 creditors' committees were set up nationwide, supporting debt-for-equity swaps totaling 1.4 trillion yuan, according to the regulator.
China will focus on smart manufacturing by integrating the Made in China 2025 strategy and Internet Plus initiative with entrepreneurship and innovation to upgrade the country's traditional industries and help advance economic restructuring.
China will offer other services, such as scientific research and meteorology, to countries in the region, Wang added.
来源：资阳报