Policymakers may add a target of increasing the yuan's share in global trade and reserves in the development plan for the next five years, to reduce the financial sector's reliance on the US dollar, they said after a speech by a senior central bank official on Sunday.
Policies such as cuts in banks' reserve requirement ratios as well as special relending and rediscount programs have offered low-cost loans of 2.85 trillion yuan (around 0 billion) to firms, especially micro, small and medium-sized enterprises as well as individual businesses, said Minister of Industry and Information Technology Miao Wei.
Philippine Institute of Volcanology and Seismology chief Renato Solidum told local media that residents near coastal areas in the region should be wary of possible tsunami waves.
Policymakers will strengthen monitoring over the economy, roll out more countermeasures in a timely fashion and implement stronger macro-adjustments, Cong said, adding the country will step up investments to redress weak links revealed by the epidemic, such as social governance and public health and emergency facilities.
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Photo opp in front of the Treasure Truck
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Photo taken on Feb. 23, 2019 shows a staff member at the Oscars red carpet interview area in California, the United States, where the Academy Awards ceremony, or Oscars, will take place the next day. (Xinhua/Li Ying)
Piglets are held in pens at a pig farm. [Photo/IC]
Policymakers are taking steps to promote the development of private economy in China, and the public should have more confidence in the outlook of the sector, said Liu Shijin, deputy head of the 13th CPPCC National Committee's economic committee.
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