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Chinese President Xi Jinping and his ROK counterpart Moon Jae-in agreed to advance bilateral relations to ensure the long-term stability of their ties during Moon's state visit to China in December.
China's securities regulator is set to speed up the reform of registration-based IPO system, enhancing the proportion of direct financing, China Business News reported.
China's technology value chains are highly integrated globally, with more than 90 percent of technologies used in China following global standards. The country has become a global force in the world's digital economy and in artificial intelligence, according to the report.
China's review-based IPO approval system has been long criticized by investors for giving reviewers too much power, while suppressing the function of the market.
China, on the other hand, depends on the US as a large source of external demand for Chinese exports and depends on US financial markets to provide a benchmark for the currency.
来源：资阳报