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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 pledged a more proactive and effective fiscal policy in 2017, with the fiscal deficit set at 3 percent of its GDP, or 2.38 trillion yuan, up 200 billion yuan from 2016.
China has 438 companies in the list, accounting for 10 percent of the rankings, while there are 778 US featured for 37 percent, 577 EU companies for 27 percent, and 339 Japanese companies for 14 percent.
China has made visible progress in developing a national social credit system. A unified social credit code, which identifies businesses and their specifics, has been introduced nationwide.
China has long dominated global table tennis, winning 28 of a possible 32 gold medals since the sport was introduced to the Olympic Games in 1988. France, which saw a drop in its world ranking following the retirement of Jean-Philippe Gatien, is capitalizing on China's expertise by hiring Chinese coaches.
来源：资阳报