Share prices of large Chinese online gaming companies plunged on Friday as the government decided to clip the wings of the fast-growing sector.
Several well-known foreign investors are ready to enter the Chinese financial market, a swift response to the country's vow to accelerate opening-up and the reflection of an optimistic outlook on the stability of the world's second-largest economy, according to central bank officials.
She added that there has been no change in that position yet.
Shares of Sany closed 1.33 percent higher at 12.95 yuan on Monday.
Shanghai unveils raft of policies to boost role as global player
Shanghai will roll out a three-year action plan to promote 5G in key industries such as manufacturing, transport, medical care, education, leisure and entertainment and the city's administration.
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Shan Gang, head of HiLink ecosystem at Huawei Consumer Business Group, said the sector's revenue in 2020 has risen five times over last year.
Several other Republicans, while stopping short of announcing they would vote against Trump, have expressed deep concerns about his move, arguing it is a blatant attempt to expand executive authority.
Several public school systems, including New York City's, the nation's largest, have said that they will cancel classes for the rest of the school year and have not determined whether classrooms will reopen in September. Nationwide, universities are also deciding whether to open this fall.
Several new services have been set up recently, including a direct route between Manchester and Beijing operated by Hainan Airlines, and China Airlines' renewal of a London-Taipei link.