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China's booming pet clinic industry is boosting demand for veterinary drugs, but a lack of supply and outdated regulations are hampering growth.
China's CPI for 2018 rose 2.1 percent year-on-year, up from 1.6 percent for 2017. The growth exceeded 2 percent for the first time this year, but remained well below the government's target of around 3 percent for 2019.
China's central bank, or the People's Bank of China, announced on Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.
China will further move forward with a pilot program for the pooled procurement of pharmaceuticals and improve capacities to cope with a shortage of drugs, according to a decision from the State Council executive meeting on Wednesday.
China's central bank decided to lower the amount of cash kept in reserve by most financial institutions, which will release about 900 billion yuan (6 billion) in liquidity to support economic growth, a central bank statement said on Friday.
来源：资阳报