BEIJING, April 20 (Xinhua) -- Chinese authorities have approved the master plan for Xiongan New Area, the creation of which will be of "lasting importance for the millennium to come."The plan has been approved by the Central Committee of the Communist Party of China and the State Council, according to a document released Friday.
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The National Development and Reform Commission, the country's top economic regulator, will push forward mixed-ownership reforms by encouraging foreign and private capital to pour into State-owned enterprises to advance the reform and restructuring of the SOEs.Foreign and private capital will be encouraged to join the State firms through buying stakes and convertible bonds from or conducting share rights swaps with SOEs, it said in a statement on Thursday.
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US President Donald Trump is reconsidering joining the Trans-Pacific Partnership (TPP), a trade agreement that he campaigned vigorously against in his presidential race and withdrew the US from just days after taking office.Nebraska Republican Senator Ben Sasse said in a statement Thursday that it is good news that Trump has directed White House National Economic Council Director Larry Kudlow and US Trade Representative Robert Lighthizer to negotiate a US entry into TPP.
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US experts responded favorably to President Xi Jinping's speech at the Boao Forum for Asia on Tuesday.In his keynote speech at the opening ceremony of the annual forum held in Hainan province, Xi voiced China's determination to proceed with further reform and opening-up, including laying out plans for some specific economic sectors.Amy Celico, a principal at the consulting firm Albright Stonebridge Group and a former senior director for China affairs at the Office of the US Trade Representative, described Xi's speech as "encouraging to many of us".
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BEIJING -- China on Saturday unveiled guidelines on supporting the southern island province of Hainan to deepen reform and opening up, with details on turning it into a pilot free trade zone and creating a "free trade port with Chinese characteristics."
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