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China will never pursue development at the expense of others' interests and China's development does not pose a threat to any other country, he said.
China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.
China's M&A activities in 2017 were down 11 percent in value terms compared to the record high of 2016, mainly due to a reduction in outbound deals from the Chinese mainland. At 1 billion, the total value of deals last year was roughly equal to the previous record set in 2015.
China will never seek self-development at the cost of other countries’ interests, nor will it give up its justified interests, Xi said, adding that China’s development will pose no threat to any other nation, and it will never seek hegemony no matter how developed it becomes.
China will only become more open to the world, and the expanding of its opening up is a measure that safeguards and promotes the free trade system, he said.
来源：资阳报