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At the end of 2019, China's ODI stock-the value of investors' equity in and net loans to enterprises in overseas economies-reached .2 trillion, following the United States at .7 trillion and the Netherlands at .6 trillion.
At the meeting, Xi mentioned conferring on Russian President Vladimir Putin the first Friendship Medal, China’s highest honor to foreigners, last month. It reflected the special and important characters of China-Russia relations, Xi said.
At the Boao Forum on April 11, Yi Gang, governor of the People's Bank of China, introduced specific measures to further open up China's financial market. The measures eased restrictions on foreign capital access and the business scope of foreign-funded institutions. For example, the 50 percent cap on foreign ownership in life insurance joint ventures was relaxed, and all limits on foreign equity ownership in such companies will be removed after three years.
At the WTO meeting held on Monday, both the representatives from the Macao SAR government and the Hong Kong SAR government presented the objectives and contents of the Hong Kong-Macao CEPA, which was signed in October 2017 to strengthen trade relations and exchanges of technical cooperation between Macao and Hong Kong.
At the first plenary session of the 19th CPC Central Committee last October, Wang was elected member of the Standing Committee of the Political Bureau of the CPC Central Committee.