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.
lliance on international disaster risk reduction, which included around 30 institution
s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.
The alliance will serve as a new platform for international coordinati
on and provide scientific support for disaster relief and sustainable development.
The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U
nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int
ernational Science Organizations, a group created to connect the scientific communities of BRI participants.
Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Si
lk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage.