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China expanded the re-lending quota by 300 billion yuan in February to increase production of medical supplies since the COVID-19 outbreak. An additional 500 billion yuan of funds under the re-lending and rediscount schemes were used for smaller business loans and production resumption. These two measures ended as of June 30, because "the mission finished", said Guo Kai, deputy head of the PBOC Monetary Policy Department.
China follows the rules of the World Trade Organization and treats Chinese and foreign companies equally, said the premier, adding that Beijing is improving the negative list management system and cutting red tape so as to provide foreign companies an easier access to the Chinese market.
China attaches great importance to innovative development, and it considers new generation artificial intelligence as the driving force for scientific and technological development, industrial optimization and upgrading as well as major productivity improvements while it strives to achieve high-quality development, President Xi Jinping said on Thursday.
China announced revised regulations on Friday to implement the new version of the Budget Law, which will take effect on Oct 1. The move underscores the authorities' goals of tightening budget management and curbing risks in local government debt, according to the Ministry of Finance.
China called for Australia at the World Trade Organization to fulfill its obligations in line with the international organization's rules.
来源：资阳报