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China will this year lower financing costs for micro and small enterprises by one percentage point, Premier Li Keqiang said at a news conference Friday.

China will unveil larger-scale tax cuts and tax exemptions for small and micro businesses, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will relax its supervision of outbound investment projects, with attention focusing only on investment in several key industries after tightened measures were implemented last year.

China's Spring Airlines selected Honeywell's suite of advanced cockpit technologies and industry-leading auxiliary power units for its future fleet of Airbus A320neo aircraft, which will save Spring Airlines money while enabling safer and more efficient flight operations.

China will uphold the vision of building a community with a shared future for mankind, share its experience and provide as much support as it can for the global battle against COVID-19, and work with other countries to promote the development of global public health and build a community of common health for mankind, he added.