Premier Li Keqiang announced on Wednesday that China has agreed to grant Japanese investors with a renminbi qualified foreign institutional investor quota of 200 billion yuan ($ 31.7 billion).During his meeting with Japanese Prime Minister Shinzo Abe, Li said China supports Japanese financial institutions to invest in the Chinese capital market, and also has a positive attitude to setting up a bank for renminbi clearing in Tokyo.Based on each other's needs for development, both countries should strengthen cooperation in key areas, such as environmental protection, energy conservation, technological innovation, high-end manufacturing, sharing economy and healthcare services, Li said.Both countries have reached consensus in principle to sign an agreement to exchange renminbi and yen as soon as possible, which is beneficial to safeguarding the stability of the financial market and improving investment facilitation, the premier added. small silicone wristbands
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Zhong Shan, minister of commerce takes questions at a press conference on the sidelines of the first session of the 13th National People's Congress in Beijing March 11, 2018. [Photo by Xu Jingxing/chinadaily.com.cn] The country will continue to see high-quality development as the government's work agenda emphasis and aim to become a strong trading power by 2050, said Minister of Commerce Zhong Shan on Sunday. The country has become the world's leading trading power due to the outstanding performance of the domestic consumption, foreign trade, foreign capital and direct investment, said Zhong during the first session of the 13th National People's Congress. We are big but not strong enough. To become a strong trading country, we need to drive the economic growth by innovation and high-quality development. We aim to stabilize our position as a big trading power by 2020, and transform into a strong trading country by 2035 and finally become an economic giant by 2050,Zhong added. Zhong said in the next five years, the ministry will focus on consumption sector, increase foreign trade competitiveness and bilateral investment, optimize the opening-up strategy in the regional level, improve international trading relationship and enhance service to the people.
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