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roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.
Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest
ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg
ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.
Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing
hua University, said China “should be more confident” in accelerating opening-up of its financial sec
tor, which will help global investors seize numerous opportunities in the Chinese market.
Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv
ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.
he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera
te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.
China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra
ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.
The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan
gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic
h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.