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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 would like to enhance strategic coordination with France to maintain and improve the current international order and global governance system, stick to multilateralism and promote economic globalization, Xi said.
China will lift foreign ownership restrictions in the life insurance sector in three years and raise foreign ownership limits to 51 percent in joint-venture life insurance firms by the end of June, a top regulatory official said.
China's achievements in development are admirable, Obama said. Building constructive US-China relations is in line with the interests of the people of both countries, he said, adding that he would like to continue to play a positive role in boosting the nations' mutual understanding and exchanges.
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