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China is ramping up financial support for the domestic economy, including a cut in banks' required reserves, officials said on Friday. Also, targeted measures in issuing bonds and injecting liquidity will help bail out the corporate sector with the global spread of the novel coronavirus.
China has released economic data for July, with most of them weakening. The easing economy and the ongoing China-US trade tensions will likely add pressure to Chinese firms' profit growth even further in coming months, securities firm Nomura said in a research note.

China is also willing to boost cooperation in anti-terrorism, climate change and cybersecurity, Li said. A joint anti-terrorism drill was proposed by China at the summit.
China hopes that the 17+1 mechanism will contribute to safeguarding multilateralism, promoting free trade, deepening mutually beneficial China-EU cooperation, and jointly building an open world economy, he said.
China is taking its first steps towards paying for imported crude oil in yuan instead of the US dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.
来源:资阳报