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China's proactive move of further cutting banks' cash reserve requirements and moving money into targeted sectors may relieve corporate credit pressure from debt reduction and cushion the impacts of a potential Sino-US trade war, said analysts.
China's video website iQiyi obtained .53 billion convertible bond financing, which was subscribed by Baidu Inc, Hillhouse Capital Group, Boyu Capital Group and others.
China's policies have largely focused on controlling the epidemic, promoting economic growth and easing financial difficulties of small and medium-sized enterprises, said Sheng. "The US Fed has said its aim was to facilitate credit and prevent short-term disruptions from turning into long-term recession."
China's sharing of agricultural tech, experiences commended
China's tax and fee reduction initiative may boost overall economic growth by 0.8 percentage point this year, and policymakers are saving money to support economic growth through controlling unnecessary expenditures, Finance Minister Liu Kun reported to the country's top legislature on Wednesday.
来源：资阳报