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The China Banking and Insurance Regulatory Commission (CBIRC) is actively boosting the implementation of financial market opening-up measures, a senior official from the regulator said at a forum on Saturday.
China's southernmost island province of Hainan launched a 100-day event starting on May 20 to attract global investment to help advance its development as a pilot international free trade zone.
The consensus that there will be "no trade war" means a lot, not only for the Sino-U.S. economic relationship, but also for the global economy as a whole.
Overseas financing of Chinese real estate companies surged 107 percent year-on-year to reach $23.32 billion from January to April. Foreign capital mainly flowed in through purchase of bonds issued by Chinese realty firms.
The local government aims at building Shenzhen into a core engine, in terms of both technology innovation and financial support, driving development of the Guangdong-Hong Kong-Macao Greater Bay Area and, by 2035, into a global technology innovation hub.
Chinese Vice Premier Liu He, also head of China's trade delegation to the US, described the trade talks between the two countries as "practical" in an exclusive interview with CGTN.
Government officials, investors and high-tech industry executives from China and the U.S. met to share their thoughts about the unicorn ecosystem in Silicon Valley and how counterparts in the world's two largest economies can collaborate better.
On Saturday, China and the United States issued a joint statement, vowing not to launch a trade war against each other. The international community welcomed this consensus reached by the world's two largest economies.
U.S. Treasury Secretary Steven Mnuchin said on Sunday that the United States and China have reached a deal on a "very important" framework concerning their economic and trade ties, and the two sides have agreed to put a possible trade war on hold.
China has implemented measures to cut its trade surplus and restructure its economy, which is good for the world economy, Adam Posen, president of Peterson Institute of International Economics (PIIE), told Xinhua in an interview.
