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As part of the country's broader opening-up push, the National Development and Reform Commission said on Tuesday that China will phase out the 50 percent equity cap that foreign carmakers can have in their joint ventures in China by 2022.

As part of the efforts to improve the balance in opening China's different regions, China will open the western region wider, Xi said.

As huge as the Chinese market grows, the PV sector is about to experience an industry reshuffle that will see the elimination of those with overcapacity and limited competitiveness.

As many US steelmakers recently see growth in business and cheer US tariffs that could encourage more domestic production, Adler's company, Stripmatic Products Inc in Cleveland, is among thousands of small and medium-sized companies in the metal forming industry – which includes processes such as stamping, spinning and fabricating — that say the tariffs are hurting their businesses and costing them jobs.

As long as information asymmetries among participants continue to exist in the IPO process, we will continue to observe underpricing in China, the United States, and other markets around the world.