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Additionally, the Student-origin-based Loan Plan, a project based on the GSSLS which makes it easier for students to get loans from financial institutions in their hometowns, covered about 76.5 percent of all students across the country applying for education loans, according to the official.
Experts believe the civil case will be a landmark in China as it is the country's first public interest litigation (PIL) filed by grass-roots NGOs, following the country's mulling of including PIL in the Civil Procedure Law.
The central government will also set up a special fund to support clean production-oriented technological improvement in key sectors and projects, according to the amended law.
"M2 (a broad measure of money supply that covers cash in circulation and deposits) growth in the first quarter fell short of the targeted 14 percent. This will need to be addressed by fast reserve money growth."
Effective May 18, the cut would release about 400 billion yuan into the market, said Lian Ping, chief economist at the Bank of Communications Co Ltd. After the cut, the reserve requirement ratio (RRR) for major banks will stand at 20 percent, while for small and medium-sized lenders, the ratio will be reduced to 16.5 percent.
来源：资阳报