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China will further increase its tolerance for loans to small businesses that turned bad to help them traverse hard times due to the novel coronavirus outbreak, especially in regions where the epidemic impact is huge.

China will take targeted reciprocal measures against the United States to protect its interests, which may include slapping tariffs on US agricultural products, airplanes, automobiles and computer chips, a former minister said Wednesday morning.

China will further encourage cross-border e-commerce transactions by easing the annual cap on transborder online purchases and adding categories of imports to the duty-free list, the Ministry of Finance announced on Friday.

China will make further progress in supply-side structural reform, accelerate the building of a country of innovators, deepen reform in fundamental key areas, and take tough steps to forestall and defuse major risks, carry out targeted poverty alleviation, and prevent and control pollution, said the statement.

China's agricultural support is driven partly by reducing rural-urban inequality. Yet despite overall growth in per capita incomes, inequality has risen, as the wealthier segments of society experience faster wage growth than the poor. Urban-rural income inequality is particularly notable, with the income ratio remaining above 3-to-1 in recent years.