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oing supply-side structural reform, as it is still dominated by the 268-trillion-yuan banking system, the analysts said.
The restructuring process will accelerate as more foreign capital
moves in, which can boost competition in the domestic market, the analysts added.
In the medium term, continued financial reform and more opening-up measures co
uld boost capital inflows, said Lillian Li, a vice-president at rating agency Moody’s.
But trade disputes between China and the United States and uncertainty over monetary policy in global markets may dam
pen capital inflows, and the pace of capital inflow is likely to fluctuate in the near term, she said.
Having the world’s second-largest equity market and the third-largest bond market, China will likely usher in more inte
rnational capital flows in the longer term, if the nation further liberalizes its financial system, she added.
ic and trade consultations, with a goal of implementing the consensuses President Xi Jinping and US President Donald Trump r
eached in December, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.
China has made various moves recently to expand the new round of reform and opening-up — such as the approval of the Foreign Investm
ent Law in March and further facilitating trade connectivity under the Belt and Road Initiative. It will cont
inue opening its market in a proactive, steady and orderly manner, in accordance with its own development ne
eds and its own pace and timetable, to benefit Chinese and global consumers across the world, said Tu Xinquan, a pro
fessor of international trade at the University of International Business and Economics in Beijing.
James Collins, CEO of Corteva Agriscience, the agricultural division of US-bas
ed DowDuPont, said he hopes the two countries will reach a positive resolution, to benefit both countries and the re
st of the world. Collins said his firm was “not so much affected” in the short term by China-US trade tensions.
tween China and economies related to the Belt and Road Initiative ex
ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela
ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday.
China’s direct investment in BRI-related countries grew by 5.2 percent a
nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia
l in the Ministry of Commerce’s Comprehensive Department, said at a news conference.
Song said that in the same period, China had received a total of
$40 billion in inbound investment from BRI countries as two-way investment deepened.
Within the five years, the value of the projects completed
by Chinese companies in BRI economies amounted to $400 billion, Song said.
The value of trade in goods between China and BRI-related economies exceeded $6 trillion in the same period, an av
rage annual growth of 4 percent, higher than the overall growth of China’s foreign trade, he added.
d further enhance border management to safeguard the safety and stability of the border region, Xi said.
China-Myanmar relations have developed well in all areas, Xi said, add
ing that the two countries have made new progress in jointly building the Belt and Road.
Cooperation between the two countries and the two armies has maintained sustainable and healthy dev
elopment, Xi said, adding that the visit is expected to bring new progress in their defense and military cooperation.
Min Aung Hlaing said Myanmar and China have a long history of traditional friend
ship, and the two countries and two armies have maintained good development.
Myanmar is grateful for China’s support for the development of the country and the ar
my, he said, adding that Myanmar appreciates China’s support of its domestic peace process.
Myanmar welcomes and supports the building of the Belt and Road, and the country wo
uld like to take effective measures to maintain the stability of the border region, he added.
Min Aung Hlaing is making his fifth visit to China since becoming Myanmar’s commander-in-chief of defense services in 2011.