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China's central bank on Monday boosted liquidity by 120 billion yuan (.5 billion) through open market operations to ease liquidity pressure. [Photo/IC]
China will gather goods, release more reserve of agricultural products and encourage innovation of commercial enterprises' operational models to meet market demand and stabilize prices for goods, the Ministry of Commerce said on Monday.
China's central bank decided on Wednesday to inject more than 800 billion yuan (5 billion) into the financial sector by reducing the amount of cash financial institutions must keep in reserve. The move is designed to maintain "reasonably ample" liquidity and lower financing costs for the real economy.
China will press ahead with an action plan aimed at upgrading consumption by encouraging the provision of better quality goods and services to the public, officials and executives decided at a meeting in Beijing on Thursday that was organized by the Ministry of Commerce.
China would score very well on investment, quality of education and speed of technological progress over the past four decades of rapid growth, thanks mainly to the central values that characterize the Confucian culture, which are the importance attached to education and thrift.
来源：资阳报