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China's e-commerce giant Alibaba announced it is setting up a special 1 billion yuan fund to support medical supplies in Wuhan, the epicenter of the novel coronavirus outbreak. The fund will be used to purchase medical supplies and medicine from home and abroad, and will be delivered to hospitals in Central China's Hubei province.
China's monetary authority will undertake the task to ensure sufficient lending and maintain adequate liquidity, supporting the economy to bottom out this year, investors expected.
China's expenditure on R&D has seen double-digit growth for three consecutive years, and since 2013, the country has remained in second place in terms of R&D spending worldwide, said the NBS statistician Li Yin.
China's non-financial SOEs have a high rate of leverage. Data from the Chinese Academy of Social Sciences showed that the leverage ratios of financial institutions and non-financial institutions were 21 percent and 156 percent respectively as the end of 2015, the Economic Information Daily reported.
China's imports from the United States dropped by 29.6 percent year on year to .57 billion in the January-May period, data from the General Administration of Customs showed.
来源：资阳报