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China unveiled on Sunday the country's second internet court, located in Beijing, to better provide legal services for the city's fast developments in cyberspace.
China will also loosen foreign ownership limits to 51 percent in securities, fund management, futures and life insurance companies over the next few months, and the capital cap will be totally eliminated in three years, Yi said.
China saw notable tax reductions in the third quarter as proactive fiscal policies took effect, strengthening corporations' investment confidence and domestic consumption, experts said.
China issued measures to further expand the opening up of the financial sector in July, allowing qualified foreign investment institutions to obtain the "A-class" licenses of lead underwriter, which can provide a broader service, and B-class licenses. "So the German demand is no longer a problem now, and the German institutions will receive more permission in the future," said the official.
China was among the first batch of WTO members that ratified the TFA, which is a key instrument to lower costs during global trade. China also submitted its ITA expansion commitment to the WTO in September 2016 and started to implement its tariff cuts on related goods immediately afterward.
来源：资阳报