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China cut the one-year interest rate on re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After getting the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.
China brands Washington's UN bid to restore penalties 'a political show'
China has become the world's second largest investor in R&D, with 1.57 trillion yuan (nearly 0 billion) poured in the area last year, accounting for more than 20 percent of the world's total. Its R&D-to-GDP ratio was 2.11 percent, generally at the same level with that of European countries.
China has deepened value-added tax reform this year, including lowering VAT rates for the manufacturing industry and some agricultural products.
China has noticed this so-called renminbi devaluation probes to its countervailing cases. China firmly opposes this kind of behavior, the head of the ministry's Trade Remedy and Investigation Bureau said in a statement on Thursday.
来源：资阳报