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As stated in the response, representatives of the company hope to tap into the Chinese market, stating they were hopeful the People's Bank of China was able to approve the application.
As we note in our recently released Regional Economic Outlook, the Asia-Pacific region remains the main engine of the global economy, and near-term prospects have improved since our report of October 2017. But there are many risks on the horizon, including a tightening of global financial conditions, a shift toward protectionist policies, and an increase in geopolitical tensions. In addition, over the longer run, Asian economies will face major challenges from population aging and slowing productivity growth, as well as the rise of the digital economy, which could yield huge benefits but also bring major disruptions.
As the number of COVID-19 cases increased globally, more cases of the coronavirus disease of unknown origin have been reported in US western states, triggering concern about local person-to-person spread of the infectious disease.
As the A-share market has become more mature and the T+1 system has proved it has its own drawbacks, there is a need for a change, experts said.
As to the lingering doubts whether it's possible for nations to advance economically while having fewer resources than China, the white paper points out the difference between China and other developing countries is not as vast as one might think.
来源：资阳报