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Baihang Credit Scoring, China's first credit reference firm which provides ratings on individuals borrowing money from online finance companies, is expected to start operations soon, having received the green light from the country's central bank on Thursday.

Banks will continue to increase lending to small businesses, especially those driving employment or directly engaged in the fight against the novel coronavirus outbreak, said Xiong Qiyue, a researcher with the Bank of China Research Institute.

Based on the results of the investigation and suggestions made by the ministry, the Tariff Commission of the State Council decided to collect an extra 45 percent tariff on top of the current 50 percent duty for out-of-quota sugar imports for this fiscal year. The anti-dumping duty will be reduced to 40 percent in the next year and then 35 percent in the following year.

Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation, said if the EU fulfills its obligations as per the World Trade Organization's rules and maintains its status as a leading advocate of free trade within the WTO, it would be a win-win for both sides.

Ballmer calls Microsoft and Apple ‘two-trick ponies’ in first speech since leaving CEO role (4 comments, 21 Facebook likes)