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China's central bank announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.
China's 41 trillion-yuan (.6 trillion) investment by 2030 creates a huge market and also drives technological innovation, said Xie.
China will see 8.74 million college graduates this year, a rise of 400,000 from last year, but the economic situation has undermined the ability of many businesses to employ them.
China's central bank will continue to keep liquidity at a reasonably ample level, to make the monetary policy more flexible and further lower the real lending rates for companies. The benchmark deposit rate, which has been unchanged since 2015, could be adjusted "at an appropriate time" depending on the conditions of economic growth, PBOC Vice-Governor Liu Guo?qiang said while answering media questions on Saturday.
China will provide easier access for international investors to the domestic green finance market with an updating of domestic green finance standards and strengthening of international cooperation, according to the central bank governor.
