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China will slash import tariffs for automobiles and vehicle components starting July 1 as part of its efforts to further open up the world's largest car market, the Ministry of Finance said on Tuesday.
China will not suffer a food crisis despite the ongoing global COVID-19 pandemic due to a sufficient domestic supply, the minister of agriculture and rural affairs said on Friday.
China's banks are expected to increase lending and lower borrowing costs this year, especially for small and private firms vital for growth and job creation.
China will try its best to promote infrastructure connectivity, since that is the foundation of international cooperation and development, President Xi Jinping said while addressing the opening ceremony of the Belt and Road Forum for International Cooperation on Sunday.
China will likely intensify monetary easing and adopt more pro-growth measures to stabilize growth and prevent a dramatic economic slowdown as policymakers have sent strong loosening signals at several key meetings, analysts said.
