Likewise, UPS has just rolled out several new stations for its intercontinental rail service connecting China and Europe, improving connectivity for businesses in both regions.
Lillian Li, an analyst at Moody's Investors Service, said further financial liberalization will help source more funding from abroad and raise the efficiency of capital and credit allocation, which will benefit China's domestic goal of growth and stability.
Li made the remarks at a symposium attended by economists, entrepreneurs and senior government officials.
Li said the country's growing refining capacity, with several mega-refining projects to come online this year, will also require a substantial amount of crude to meet demand and thus lead to more foreign crude oil imports.
Li said judges are the core of the team, with scientific personnel placement the major reason for improved court efficiency.
Li said the move will encourage traditional insurance companies to expand their online sales channels, and cooperate with internet giants, such as establishing joint ventures.
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Librarians also noted lack of funds and restrictions from publishers as keeping them from providing more e-books.
Liang noted that the market for trips to Europe has been “doing very well, better than expected”.
Li said that because of strong domestic demand, China has become less vulnerable to supply chain reconfiguration, with trade accounting for 5 percent of GDP, when it was 19 percent in 2007.
Li said that even based on the UN's study, the country's youth population will decline. He said China is witnessing two trends: increasing aging population and fewer children.