BEIJING, March 31 -- China will further support its small and medium-sized enterprises (SMEs) to mitigate the impact of the COVID-19 epidemic while increasing local government bond issuance to shore up effective investment, according to a State Council executive meeting Tuesday.
The meeting, presided over by Premier Li Keqiang, decided that the re-lending and re-discount quota for small and medium-sized banks will be expanded by 1 trillion yuan (about 141 billion U.S. dollars).
The country will further implement the reserve requirement ratio cuts for small and medium-sized banks and guide them to offer loans to SMEs at favorable interest rates, the meeting said.
Private businesses and SMEs are also encouraged to raise funds through bond issuance and accounts receivable financing, the meeting said.
The meeting also decided to increase the issuance of local government special bonds to support effective investment, stressing that priority should be given to regions with major projects and low risks.
The country will assign some of the local government special bond quotas ahead of schedule and local authorities should strive to issue the bonds by the end of the second quarter, the meeting said.
The meeting stressed efforts to enhance support to people on low incomes, especially those in difficult circumstances, and decided to raise certain subsidy standards and expand the coverage of subsistence allowances and other relief policies to help those affected by the epidemic.
China will also extend subsidies and tax exemptions for new energy vehicle purchases by another two years in a bid to boost auto consumption, the meeting decided.
带你一图了解金砖史
国内英语资讯:Senior political advisors discuss targeted poverty relief
日本引入了包括埃博拉在内的5种致命病毒
The Changes of Raising a Pet 养宠物带来的改变
国际英语资讯:Emergency declared in Pakistans Karachi as heavy rains continue
麻将或成为北京冬奥会比赛项目
国内英语资讯:Senior official stresses technology in fighting terrorism in Xinjiang
体坛英语资讯:Federer survives scare to beat Youzhny for 17th time at US Open
体坛英语资讯:Four Chelsea players called up for Englands Euro qualifiers
国际英语资讯:British PM arrives in Japan for talks with Abe
The Free Life 自由的生活
国际英语资讯:Feature: Chinese naval hospital ship brings free medical services to Djiboutis villagers
英国王室支持率调查:查尔斯垫底,威廉第一
国际英语资讯:About 40 died or feared dead in Texas caused by Hurricane Harvey: local officials
体坛英语资讯:Commentary: Tianjin 2017 National Games mark historic milestone in Chinas sports reform
国内英语资讯:China calls for cooperation on fighting global climate change
国际英语资讯:U.S. confirms DPRK fires missile over Japan
国际英语资讯:France, Germany voice concerns over situation in eastern Ukraine
国际英语资讯:Putin, Hungarian PM discuss new nuclear power plant
从功夫猫、医生猫到蜘蛛猫,喵星人要被玩坏了
朝鲜发射一枚飞越日本的导弹,引起关注
国内英语资讯:Commentary: Withdrawal of troops the right choice for India
国际英语资讯:UN chief says dreams to see Gaza part of sovereign Palestinian state
体坛英语资讯:Iran determined to beat S. Korea in World Cup qualifiers: coach
国际英语资讯:EU urges more clarity while Britain seeks flexibility as 3rd Brexit talks kick off
哈维缓慢撤离德州,洪水威胁不减
关于霜降,你需要知道这些事
国内英语资讯:China conducts first around-the-world integrated maritime research
体坛英语资讯:Xie Wenjun tries to put Chinese 110m hurdles on world map again
How to Be Helpful 如何帮助人