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BEIJING - China will bolster online information consumption in the next few years as part of an effort to stimulate domestic demand and shore up economic growth. By the end of 2020, the consumption of online information products and services is expected to grow at an annual pace of at least 11 percent to reach 6 trillion yuan (around 0), according to a guideline released by the State Council Thursday. Online information consumption stood at 3.9 trillion yuan last year, contributing 0.26 percentage point to the country's 6.7-percent year-on-year GDP growth. It has become one of the most innovative, rapidly-growing and widely-adopted economic spheres that is significant to driving domestic demand, creating jobs and pushing forward industrial upgrades, the document said. "Information technology playing a bigger role in consumption will boost the combined output of related industries to 15 trillion yuan in 2020," the document said. It specified favorable measures and support for sectors, including intelligent electronics, online education and medical treatment, e-commerce, 5G mobile network, and telecom services in rural areas. China will create a sound business environment by adopting inclusive and prudent regulation, cutting red tape, and improving the protection of personal information and intellectual property.
BEIJING - China's auto industry improved slightly in the third quarter of 2019 but overall it remained cool, according to an industrial climate index.
BEIJING - China's five-year treasury bond futures closed lower on Thursday, with the contract for September 2020 closing 0.11 percent lower at 100.17 yuan (.29).
BEIJING - China's central bank on Monday skipped open market operations as a lower reserve requirement ratio (RRR) for banks takes effect.
BEIJING - China's major banks saw slowing profit growth in the first quarter, though bad loan rates fell.
来源：资阳报