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Compared with some advanced economies, China's financial openness is relatively low. For instance, China's total asset and liability, measured by international investment position, is only about 12 percent of that of the US, 26 percent of that of the United Kingdom, and half of the Japanese size. There is large room for further opening-up.
Commenting on the bond default cases, Ivan Chung, an associate managing director of Moody's, said: "We believe the Chinese government's willingness to support SOEs will remain, but its tolerance for isolated defaults will increase as long as they do not trigger systemic risks or undermine economic and social stability."
Compared with existing high-speed trains, the driverless train will be safer, with a better on-time performance, he added, without giving further details, such as the train's speed. But he also said employees will be on standby while the train operates on its own.
Commercial lawsuits involving sums of at least 10 million yuan (.5 million) have risen in Shanghai in the past five years, according to data released on Tuesday.
Cobo's chief technology officer Jiang Changhao said as the blockchain sector is still at the early stage of development, many entrepreneurs need to spent a huge amount of money on the construction of basic infrastructure.
来源：资阳报