The NDRC stated that areas that will be opened up over time include finance, automobiles, infrastructure, energy, professional services, resources, and transportation.
What may be more beneficial is dialogue between the U.S. and China. This is something that the U.S. abandoned last year and had only tentatively committed to this year.
China will also continue to improve the economy by expanding the market access via the negative list. This policy has been long in the making, and is an important economic reform.
Top Chinese economic adviser Liu He has been in the U.S. to discuss trade issues with Trump administration officials. Despite the presence of pro-free trade officials in the Trump administration, it is the trade hawks who have earned the President's support.
Cross-border trade in e-commerce reflects the wider growth and innovation of e-commerce, which has expanded at twice the pace of total retail. China accounts for 40% of retail e-commerce worldwide.
Modernization of agriculture is an essential step in the process of development; without it, the rural sector remains behind, and the urban sector misses out on key food and labor resources.
China must face “three tough battles” in the coming three years. The first and largest challenge is to prevent major financial risks, as the country continues to hold an excessive amount of debt.
The 4th World Internet Conference in Wuzhen is scheduled for December 3-5, and is expected to attract up to 1,500 internet innovators and scholars from around the globe.
The meeting between Xi and Trump on Thursday will further develop U.S. and China trade and business relations. Trump will travel with a business delegation that is expected to sign a number of memoranda of understanding with Chinese firms in the areas of energy and agriculture.
In President Xi Jinping's address to the Party Congress last week, he indicated that continuity of economic policy would be the order of the day.