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China will enhance support for trade financing and give full play to the role of export credit insurance to help companies cope with the impact of the novel coronavirus epidemic, according to the Ministry of Commerce.
China's big data sector will witness 25 to 30 percent growth in 2019, facilitating the transformation and upgrading of regional economic structures, the report said.
China's Producer Price Index, which gauges factory-gate prices and is a major indicator of business health, rose 4.9 percent from a year earlier in December, compared with 5.8 percent in November. It is the slowest growth in 13 months.
China's biggest banks are accelerating their debt-for-equity program to offload distressed debts and to help reduce high corporate leverage.
China's central bank announced a plan to reform the LPR mechanism in August 2019 to better reflect market changes in its latest move to reduce borrowing costs to support the real economy. So far, nearly 90 percent of new loans have adopted the LPR benchmark.
来源：资阳报