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As reported in China Daily on Wednesday, Beijing made a move to standardize regulations in a transparent way and help level the playing field for foreign enterprises and private firms. As part of opening-up, the shortened Market Access Negative List is expected to make it easier for all market players to invest in China.

As restrictions loosen and many Americans flocked to beaches and barbecues this past Memorial Day weekend, businesses and governments are still seeking ways to curb the spread of the novel coronavirus.

As the outbreak is affecting the country's tourism industry during the Spring Festival holiday, many tourism service providers are joining the army of volunteers contributing to medical relief efforts in epidemic-stricken areas in China.

As the regulators keep urging banks to lower lending rates for micro and small enterprises, they should evaluate banks' performance in this regard separately from the service fees charged by third-party institutions. Otherwise, many large banks dare not enter into partnerships with these institutions on providing loans online to small businesses due to concerns that the comprehensive financing costs will be higher than regulators expect after service fees charged by third-party institutions are written into bank contracts, she said.

As the AI era approaches, the Chinese government is encouraging private enterprises to enter sectors like smart manufacturing to improve the country's high-end manufacturing. New industry standards and specifications are to be established.