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China will further increase its tolerance for loans to small businesses that turned bad to help them traverse hard times due to the novel coronavirus outbreak, especially in regions where the epidemic impact is huge.

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 expand the use of new information technologies in the civil aviation sector to improve air travel safety and boost industrial development, according to the national civil aviation authority.

China will expand high- and medium-end product imports to further promote consumption upgrades, spokesperson from the Ministry of Commerce said on Thursday.

China will cut electricity costs for industrial and commercial users to further ease business burdens, the National Development and Reform Commission announced on Wednesday.