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China's centrally-administered State-owned enterprises have joined the efforts to stem COVID-19 by producing raw materials for mask makers. On Wednesday, China's largest oil refiner Sinopec has built and begun operating another two production lines of melt-blown nonwoven fabric in Beijing.
China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.
China will cut VAT rates as part of a tax reduction package amounting to 400 billion yuan (.6 billion) this year, according to a decision made at a State Council executive meeting Wednesday.
China's average REER rate in 2018 appreciated by about 1.4 percent relative to 2017, driven by the appreciation in the nominal effective exchange rate, the report said, adding that external balance assessment indicated that China's REER to be at the same level as warranted by fundamentals and desirable policies.
China will reduce the risks of internet finance and peer-to-peer lending. [Photo/VCG]
来源：资阳报