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China cut the one-year interest rate on re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After getting the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.
China currently has 98 central SOEs, down from 117 five years ago as the government has been actively restructuring central SOEs in a bid to improve their efficiency and competitiveness.
China has made "steep progress" in innovation and in science and technology in recent years, underpinned by educational strides, said Reinhilde Veugelers, professor of Leuven University of Belgium.
China has been at the forefront of the global fight against the COVID-19 outbreak, sharing its experiences, expertise and donating supplies and equipment to countries around the world.
China has been working to increase the speed and reduce costs of internet services, which will be good not only for consumers but also for industrial upgrading, Li said.
来源：资阳报