Chinese banks are being encouraged to lend more to small and micro-sized businesses through "targeted" monetary policy tools, in a bid to ease financial stress and control debt defaults.
MYBank, the online lending affiliate of Ant Financial Services Group, said on Thursday it aims to extend financial services to 30 million small-and-micro enterprises and individual businesses in China over the next three years by teaming up with 1,000 financial institutions.
Researchers and financial practitioners said data released recently by China's central bank and regulators show a solid basis for stabilized financial market operations and firm financial support for the real economy, the part of the economy that produces goods and services.
Shanghai has set up four alliances to better facilitate procurement and preparatory work for the inaugural China International Import Expo that will be held in the city in November.
Work on the Haikou XLoong AR & VR High-tech Park began at the Haikou National High-tech Zone in Haikou, Hainan province, on Wednesday.
The Trump administration's "reckless" tariffs are harmful to consumers and the economy in the United States, according to some industry groups and analysts.
Houston's exports to China have been growing more than 26 percent each year for the last five years, in part because of the increasing amount of oil sent to China. But the current trade spat with the US could interrupt that growth and hurt the city, says the president and CEO of the Greater Houston Partnership.
European aircraft manufacturer Airbus SE said it plans to deliver the first of its new A350 widebody plane to a Chinese mainland carrier by the end of the year, and it is bullish on the nation's demand for widebody aircraft, fueled by fast-growing long-haul international routes.
Central government-controlled enterprises' combined profits registered a hefty growth of 22.1 percent year-on-year in the first five months, as supply-side structural reform continues to advance and industrial upgrading fuels innovation in the economy.
Chinese mainland stocks closed higher on Wednesday after upbeat comments from the central bank governor and listed companies' positive measures to purchase shares.
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