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"The local government took prompt actions and everyone was very cooperative, so this time I didn't panic much. Now the market looks much better," he added.
In Zhengzhou, capital city of central China's Henan Province and one of the second batch of such pilot cities, total foreign trade via e-commerce channels in the Zhengzhou Xinzheng Comprehensive Bonded Zone surged by 114 percent to 4.45 billion yuan (about 642 million U.S. dollars) in H1. The imports in the zone almost doubled from last year, while exports rose more than five-fold.

"It is very rare in recent years," said Dong Ximiao, a researcher with the National Institution for Finance and Development. "But the fall was not due to worsening operational capability of commercial banks, but the result of intensified endeavor to share profits with the real economy."
The government will use proceeds from the special government bonds for COVID-19 control and special local government bonds to prioritize the support for projects that address inadequacies, and to stimulate employment. It will also foster the development of elderly and child care services, healthcare, and housekeeping industries, the NDRC said.
The re-lending and re-discount quota will be fully utilized to issue concessional-rate loans, develop new credit instruments for micro and small businesses and support the issuance of credit-backed loans. These measures will help boost financing for more micro and small firms at a lower cost this year.
来源:资阳报