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China has pledged further measures to ease financing difficulties of small private enterprises this year. Among the measures in the pipeline is the deepening interest rate liberalization, which will likely help lower the interest rates faced by them, according to the officials concerned.
China has reached the quantitative goals that characterize a moderately prosperous society. Rising from deep poverty just 40 years ago, it has now reached the status of an upper middle-income country. In December 2019, per capita income exceeded the ,000 per year mark in exchange rate terms. More meaningfully, adjusted for purchasing power parity, China's GDP per capita has almost reached ,000. Extreme poverty is almost gone and, despite the COVID-19 epidemic, will be eliminated this year. Plus, world-class road, railway, airport and internet connections now reach almost everywhere.
China has stepped up targeted support to the country's small lenders this year in a bid to boost lending to the real economy, with a targeted cut in reserve requirement ratio for some small and medium-sized banks effective on May 15.
China is speeding up the formation of a new development pattern dominated by domestic cycles and it will be more closely connected with the global economy, offering more extensive market opportunities to other countries, Zhang said.
China is already the company's second-largest market, she said, observing the Chinese healthcare industry today encourages innovation, and focuses on quality and efficiency.
来源：资阳报