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China's small-and medium-sized enterprises account for more than half of the country's GDP growth and tax revenues and most of the jobs. But the financing bottleneck has become a major problem affecting their development. China has cut the reserve requirement ratio four times since the start of last year, which has substantially improved the access of small-and medium-sized enterprises to lower-cost funds.
China, whose digital economy has experienced massive growth over the last decade, stands as a good model for Africa as the continent moves toward enhancing its engagement in e-commerce and the evolving digital economy, according to the industry panelists at the recent Africa e-commerce Week conference
Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing. [Photo/Agencies]
China's third richest person with a net worth of .6 billion according to Forbes magazine, Ma was quoted by the New York Times as saying his retirement was not the end of an era, but the beginning of one.
China's southwestern municipality of Chongqing, home to more than 3 million registered cars, had the worst traffic congestion among 50 major cities in the second quarter this year, a recent traffic analysis report says.
来源：资阳报