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China's auto sales and output both surpassed 2.2 million vehicles last month. However, unfavorable factors have still dimmed the outlook for market demand, industry data showed.
China's banking and insurance regulator urged relevant financial institutions to take multiple measures to dispose of and mitigate the risk of banks' nonperforming assets, in addition to classifying bank loans strictly according to their inherent risks as "pass, special-mention, substandard, doubtful and loss" to truly reflect their risk level, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, said at a news conference on Oct 21.
China will ramp up support to help taxi and truck drivers pull through as the novel coronavirus outbreak has dealt a temporary blow to their business, according to the country's top transport authority on Friday.
China will intensify its support for the private sector, including small and medium-sized enterprises, to boost the vitality of market entities and enhance business confidence, it was decided at an executive meeting of the State Council, China's Cabinet, on Monday.
China's Ministry of Finance said in a statement on Friday that the decision was "perplexing" as it came while China's economy had been on a firm growth track following its achievement of higher-than-expected growth rates in the first half of this year and solid progress in economic restructuring and debt reduction.
来源：资阳报