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China will modestly raise its budget deficit ratio, issue special sovereign bonds and bolster the scale of local government bonds as part of a slew of macroeconomic policies to cope with impacts of the COVID-19 pandemic, according to a decision made at a key meeting of the Communist Party of China on Friday.
China's banks issued a combined 1.1 trillion yuan (0 billion) of new loans in the last month, an increase of 126 billion yuan from a year ago, according to the People's Bank of China (PBOC) website Wednesday.
China will spare no effort to stabilize foreign trade by increasing financial, insurance and fiscal support and strengthening cooperation with regional trade partners, especially Japan and South Korea, as the novel coronavirus pneumonia epidemic spreads worldwide, the Ministry of Commerce said on Thursday.
China will host the 2019 World Environment Day on June 5 in Hangzhou, capital of Zhejiang province, with air pollution as the theme, officials said on Friday.
China's GDP is expected to expand 5.4 percent year on year in the third quarter, up from 3.2 percent in the second quarter, according to a recent research note by Bank of America Global Research.
来源：资阳报