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China will cut the share of enterprise contributions to urban workers' basic aged-care insurance from 20 to 16 percent starting May 1, the State Council announced Thursday.
China will phase in opening up of bank card clearing, remove restrictions on the operation scope of insurance agencies, and ease or cancel limits on foreign holdings in companies in banking, securities, funds, futures, and financial asset management.
China will keep implementing effective measures, enhance research and development on related vaccine and build a mechanism with long-term effects to strive for the eradication of the disease. Meanwhile, efforts will be made to balance epidemic prevention and control with live pig production and industrial transition to ensure stable supply.
China's central authorities have reiterated the core position innovation occupies in the country's march toward modernization in a recently released blueprint for development through 2035. Technological self-sufficiency should be a strategic pillar of the country's development, they say.
China's central bank followed the Fed's rate hikes to lift the open market operation interest rate twice, in March and December last year, respectively. The moves were targeted to keep a relatively stable interest rate spread between the two countries and maintain a stable Chinese currency. It stood pat in June after the Fed's second hike this year.
来源：资阳报