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China's central bank announced on Sunday it is cutting the cash required to be held in reserve in commercial banks by one-half percentage point starting July 5, a measure designed to make it easier to lend to small and microsized companies.
China's capital markets drew the attention of the world despite the coronavirus pandemic this year, with foreign investors snapping up over 1 trillion yuan (3 billion) worth of stocks and bonds, according to a Monday report from Financial Times.
China's GDP growth target was set for a range of 6-6.5 percent this year, slightly lower than 2018 but still within market expectations.
China will further facilitate cross-border use of the renminbi by promoting pilot programs to boost trade and investment, making it possible for more foreign central banks and monetary authorities to hold the currency as a reserve asset, according to a report from the nation's central bank.
China will solve the problem of renewable energy going to waste by 2020, the head of the National Energy Administration said on Tuesday.
来源：资阳报