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"China has further reduced restrictions on market access by foreign investors and now allows foreign investment throughout China in sectors where it was previously permitted only in pilot free trade zones," said Paul McKenzie, managing partner of Morrison & Foerster's Beijing office. "Strong headwinds will likely continue at least until the US-China trade relationship improves. Perhaps a more dramatic set of further amendments to the negative list will come out of the current trade talks," McKenzie said.

"By 2020-21, we will have restored investment in defense to 2 percent of GDP," said the statement.

"China is not what it was 10 years ago," he said. "We had many difficulties in establishing the company in China, which has a different language and different laws. I've received help from many people before and during the outbreak of the coronavirus.

"China Unicom is the biggest beneficiary of the mixed-ownership reform, as it could utilize cutting-edge technologies from internet giants, access more channels and potential customers, as well as enhance its telecom service quality through introducing new strategic investors," said Peter Liu, research director at consultancy Gartner Inc.

"China is the largest producer and consumer of pork in the world. In 2019, ASF will result in a reduction in pig stocks of 20 percent, or 130 million pigs. This will have significant impact on the global meat and animal feed market," said the latest issue of Food Outlook released by the Food and Agriculture Organization of the United Nations on May 9.