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China's aging society is a major social issue. There are currently more than 220 million people over 60 years old in the country, or 16.1 percent of the population, and the numbers are growing.
China's central bank governor said at a financial forum in April that several favorable policies in support of private businesses have made substantial achievements. By the end of April, loans provided to micro and small enterprises surged 20 percent year-on-year to reach 10 trillion yuan, supporting more than 23 million small companies.
China witnessed passenger trips slump more than 50 percent this year－falling to nearly 1.48 billion during the Spring Festival travel rush－due to the novel coronavirus outbreak, the country's top transport authority said on Wednesday.
China will cut taxes by another 60 billion yuan (.5 billion) to drive innovation and entrepreneurship and boost the development of small and micro businesses, the State Council decided in an executive meeting presided over by Premier Li Keqiang on Wednesday.
China will provide proposals for World Trade Organization reforms and enhance communication with member countries and regions to deal with trade issues. That will strengthen the WTO and jointly maintain free trade and the multilateral trade system, he said.a
来源：资阳报