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China unveiled a guideline Thursday to further guide banking and insurance institutions in utilizing financial services to stabilize foreign trade. [Photo/IC]
China will continue to grow as a global financial player in the coming years, according to former US treasury secretary Hank Paulson.
China will be a primary driving force for the large-scale commercial use of 5G in 2020, which will offer a good opportunity for Ericsson AB to expand businesses in the highly competitive market, said Borje Ekholm, CEO of the Swedish telecom equipment maker.
China plans to impose new measures to tighten financial discipline, prevent major risks and improve its financial structure in support of steady economic development, according to the central bank governor and financial regulators.
China now accounts for around 70 percent of the US trade deficit. However, the imbalance has not come as a result of unfair policies, but as a natural product of globalization and free trade. Moreover, the US trade deficit is largely exaggerated, and homemade.
来源：资阳报