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This is both an institutional arrangement and a measure to facilitate business operation under COVID-19 containment. It will help more businesses emerge and keep employment stable.

By offering local banks incentives equal to 1 percent of the principal to be extended, the central bank said it expected to provide a total of 40 billion yuan, at most, to support about 3.7 trillion yuan in extended loans.

BEIJING, July 12 (Xinhua) -- With joint efforts of both sides, China-Mexico relations have maintained a good momentum of development, Chinese Vice Foreign Minister Zheng Zeguang has said.

Costa Rica firmly adheres to the one-China principle and stands ready to work with China to strengthen cooperation in the fields of public health, infrastructure and culture among others, act as a bridge and gateway for China to engage with Central America and promote the relationship between Costa Rica and China to a new stage, he said.