2017年CRI China widens access to financial markets for foreign investors
时间:2019-01-19 作者:英语课 分类:2017CRI中国国际广播电台
China will further open up its financial markets for foreign investors 1, by implementing 2 several specific measures to ease and lift its investment restrictions 3 on foreign companies.
Vice 4 Finance Minister Zhu Guangyao announced the decision on Friday, while elaborating on the consensus 5 in economic cooperation reached by the two sides during U.S. President Donald Trump 6's state visit to China.
CRI's Li Yi reports.
Vice Finance Minister Zhu Guangyao says China will widen the access to its financial markets for foreign investors in the coming years.
Specific measures will be implemented 7 in sectors 8 including banking 9, securities and insurances.
"Foreign businesses will be allowed to own up to 51 percent of shares in joint 10 ventures in securities, funds or futures 11, and the cap will be eventually phased out over three years. Restrictions on investment in Chinese banks and financial asset management companies will be removed; previously 12 single foreign ownership should be under 20 percent while overall foreign ownership under 25 percent."
The official goes on to say that after three years, foreign investors will be allowed to own up to 51 percent of shares in joint ventures in life insurance, and the cap will be removed in five years.
Meantime, duties on automobiles 13 will be reduced. Before June 2018, restrictions on foreign investment in special and new energy vehicle companies will be eased in free trade zones.
During U.S President Donald Trump's state visit to China this week, Chinese and U.S. companies signed deals worth more than 250 billion U.S. dollars, the largest economic cooperation between China and the U.S., as well as in the world.
As the vice finance minister introduces the consensus reached by the two countries in economic collaboration 14, he has also revealed several requirements China has proposed to the U.S. side on future economic cooperation.
"China has asked the United States to ease its controls on exports of high-tech 15 products, fulfill 16 its obligations under Article 15 of the Protocol 17 on China's Accession to the WTO, treat Chinese investors fairly in the U.S. market, push forward the license 18 application process of China International Capital Corporation in the U.S. and be prudent 19 in trade remedy measures."
During a state dinner hosted for Donald Trump on Thursday, Chinese President Xi Jinping said that China and the United States should be partners, not rivals, and together they could be good for each other and the whole world.
Zhang Monan, a researcher at the Department of Economic Strategy of China Center for International Economic Exchanges, says it is a great breakthrough for future China-U.S. relations that the two countries have agreed to expand their economic and trade cooperation.
"The trade frictions 20 and imbalance between China and the United States have always been major resistance factors in developing bilateral 21 business relations. Both sides have been working to solve these problems. China and the U.S. should expand their cooperation in trade and other sectors. There are huge potentials for bilateral collaboration in many industries such as intelligent manufacturing, digital economy, biotechnology and other high-tech fields."
Bilateral trade surged to nearly 520 billion U.S. dollars in 2016, from 2.5 billion dollars in 1979 when the two countries established diplomatic ties.
For CRI, I'm Li Yi.
- a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
- a cash bonanza for investors 投资者的赚钱机会
- -- Implementing a comprehensive drug control strategy. ――实行综合治理的禁毒战略。 来自汉英非文学 - 白皮书
- He was in no hurry about implementing his unshakable principle. 他并不急于实行他那不可动摇的原则。 来自辞典例句
- I found the restrictions irksome. 我对那些限制感到很烦。
- a snaggle of restrictions 杂乱无章的种种限制
- He guarded himself against vice.他避免染上坏习惯。
- They are sunk in the depth of vice.他们堕入了罪恶的深渊。
- Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗?
- What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么?
- He was never able to trump up the courage to have a showdown.他始终鼓不起勇气摊牌。
- The coach saved his star player for a trump card.教练保留他的明星选手,作为他的王牌。
- This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
- The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革,经济就面临崩溃的危险。 来自辞典例句
- Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
- Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
- I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤,肩膀脫臼了。
- We wrote a letter in joint names.我们联名写了封信。
- He continued his operations in cotton futures.他继续进行棉花期货交易。
- Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。
- The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
- Let me digress for a moment and explain what had happened previously.让我岔开一会儿,解释原先发生了什么。
- When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后,就不再使用马和马车了。 来自《简明英汉词典》
- Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上,汽车川流不息。 来自《现代汉英综合大词典》
- The two companies are working in close collaboration each other.这两家公司密切合作。
- He was shot for collaboration with the enemy.他因通敌而被枪毙了。
- The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展,这就使对高科技服务的需求量也在加大。
- The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。
- If you make a promise you should fulfill it.如果你许诺了,你就要履行你的诺言。
- This company should be able to fulfill our requirements.这家公司应该能够满足我们的要求。
- We must observe the correct protocol.我们必须遵守应有的礼仪。
- The statesmen signed a protocol.那些政治家签了议定书。
- The foreign guest has a license on the person.这个外国客人随身携带执照。
- The driver was arrested for having false license plates on his car.司机由于使用假车牌而被捕。
- A prudent traveller never disparages his own country.聪明的旅行者从不贬低自己的国家。
- You must school yourself to be modest and prudent.你要学会谦虚谨慎。
- Family frictions can interfere with a child's schoolwork. 家庭中的争吵会影响孩子的学业。 来自《简明英汉词典》
- As far as we are concerned, these frictions are not of our own making [have been imposed on us]. 就我们来说,这种摩擦是被动式的。 来自《现代汉英综合大词典》