BEIJING, May 9 (Xinhua) -- China's central bank on Monday said full play should be given to the guiding roles of structural monetary policy tools.Efforts should be made to make good use of relending and rediscount policies to support agriculture as well as micro and small firms, and the amount of such relending should be increased in a timely manner, according to a report released by the People's Bank of China.The central bank will better leverage inclusive loans for micro and small enterprises and boost the support for agriculture-related businesses and sectors hit hard by COVID-19, t...
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BEIJING, May 9 (Xinhua) -- China's banks and insurance institutions, which are fairly resilient to risks, intend to step up support to virus-hit sectors, an official told Xinhua.'The steady operation of the financial sector is key to keeping economic fundamentals stable and economic circulation smooth,' said Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC).Liang made the remarks while pointing out headwinds like pressure on RMB exchange rate stability due to monetary tightening in some developed economies, as well as higher raw material pric...
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SHANGHAI, May 8 (Xinhua) -- Nanhui 8424 watermelon, a popular summer fruit variety for many Shanghainese, hit the market just as the mega-city reported a decline in daily numbers of new infections.The seasonal fruit grown in the suburban Nanhui area of Pudong New Area in Shanghai, is treasured for its sweet, juicy taste.Zhang Tao with Pudong's agricultural association said that this year, the planting area of the watermelon neared 10,000 mu (about 666.7 hectares), which is the same as last year.'Retail channels such as Hema Fresh, a fresh produce supermarket, facilitate the watermelon&...
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BEIJING, May 8 (Xinhua) -- China's logistics sector was less upbeat in April amid the domestic resurgence of COVID-19, data from the China Federation of Logistics and Purchasing (CFLP) showed.The logistics performance index, which tracks business volume, new orders, employment, inventory turnovers and equipment utility rates in the sector, came in at 43.8 percent in April, down 4.9 percentage points from the previous month.A reading above 50 percent indicates expansion while a reading below 50 reflects contraction.He Hui, assistant president of the CFLP, said that the short-term effects, h...
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BEIJING, May 5 (Xinhua) -- China will provide greater relief to micro, small and medium-sized enterprises (MSMEs) and self-employed households, to promote employment stability by keeping the operations of market entities stable, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on Thursday.The meeting also decided on policy steps to stabilize and upgrade foreign trade, in an effort to keep the economy and industrial and supply chains stable.'There is now quite big pressure on the employment front. The many MSMEs and self-employed hous...
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