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China will lift foreign ownership restrictions in the life insurance sector in three years and raise foreign ownership limits to 51 percent in joint-venture life insurance firms by the end of June, a top regulatory official said.
China's bond market has a total value of 108 trillion yuan (.35 trillion) now and is the second largest in the world. By the end of June, about 900 foreign institutions from more than 60 countries and regions had accessed the interbank bond market, investing in 2.6 trillion yuan of bonds denominated in Chinese yuan, rising at an average rate of 40 percent per year since 2017, according to data from the central bank.
China's big four telecom companies will invest more than 200 billion yuan ( billion) in four years to build up cutting-edge information infrastructure for fifth-generation mobile communication technology in the nation's Yangtze River Delta region.
China will take stronger measures to ensure the supply of key farm produce and keep prices stable, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year, according to a decision made at a State Council executive meeting on March 28.
来源：资阳报