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China has also invested more than 20 billion yuan (about 3.06 billion U.S. dollars) and implemented 37,600 scientific and technological projects to support poor areas to transform momentum of development, improve production efficiency and improve people's lives, Xu said.
China has made significant headway in opening up its financial sector over the past 40 years, but the pace of reform hampers the healthy operation of the economy, the China Finance 40 Forum (CF40) said in its latest Jingshan Report.
China cut loan prime rate (LPR), a newly reformed interest rate to guide banks’ loan price, on Wednesday to lower corporate financing cost and stabilize economic growth amid rising headwinds.One-year LPR came in at 4.15 percent, down from 4.2 percent a month earlier, according to the National Interbank Funding Center. The above-five-year LPR stood at 4.8 percent, down from 4.85 percent a month earlier.The People's Bank of China, the central bank, announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.
China has already shown its determination to put its foreign trade on a firmer footing, said Wei Jianguo, vice-president of the China Center for International Economic Exchanges. The country also has increased moves to accelerate the pace of its reform and opening-up, especially to further safeguard intellectual property rights, expand market access, increase imports from the US and make the business environment even more transparent and fairer, Wei said.
China has intensified measures to support the development of Tibetan medicine. An innovation platform promoting its remedies was recently jointly established by medical experts from Beijing, the Tibet autonomous region, Gansu and Qinghai provinces.
来源：资阳报