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As the latest negative list eases market access in a number of sectors, including the establishment of nursing homes and social welfare institutions, it will further open up the country's service industry to both domestic and overseas businesses, said Li Hongbiao, a senior researcher from the Revitalization Research Institute of Shenyang-based Northeastern University,

As some small and medium-sized banks face relatively high pressure of NPLs, Zeng said it is necessary for the government to help them replenish capital while pushing forward reforms on small and medium-sized banks to mitigate risks and improve their competitiveness through mergers and acquisitions.

As thousands of designers, models and celebrities gather in New York City for the semiannual New York Fashion Week from Thursday through Wednesday, 16 Chinese designers－the most to date－are ready to showcase their collections at the premier international fashion event.

As the DPRK sped up its nuclear and missile programs recently, China supports the international community to step up efforts against nuclear proliferation, he said. China advocates strengthening efforts for peace and dialogue with the escalating tension on the peninsula.

As the spread of the novel coronavirus disease is now under control in China, the government should consider launch of forceful expansionary fiscal and monetary policies to stimulate economic growth.