国内英语资讯:Key takeaways from China Development Forum 2019 on reform, opening-up_时事

国内英语资讯:Key takeaways from China Development Forum 2019 on reform, opening-up

Wang Zhaoxing, deputy chairman of the China Banking and Insurance Regulatory Commission, said that the financial supply-side structural reform would be advanced to increase the effective supply of financial products and enhance the ability of financial services to support the real economy.

Fang Xinghai, deputy chairman of the China Securities Regulatory Commission, said the country's securities industry had made a lot of preparations for further opening up.

"The financial industry has a lot of potential, and the opening-up can be quickened," he said.

--Growing domestic consumption

Ning Jizhe, deputy director of the National Development and Reform Commission, mentioned a three-year action plan to increase household incomes and consumption power. He said that new measures would be taken to boost the consumption of automobiles, home appliances and other popular goods.

According to him, the country will accelerate the development of tourism, culture, health, sports, education, childcare, old-age care and domestic services to unleash the potential for service consumption.

--Institutional openness

Vice Minister of Commerce Qian Keming said China will continue to build new heights of institutional openness, including the establishment of pilot free trade zones, the exploration of free trade ports with Chinese characteristics and the building of the Guangdong-Hong Kong-Macao Greater Bay Area; implementing the negative list management system and further shortening the negative list; making its business environment more law-based, international and convenient and taking an active part in global economic governance.