Govt vows more financial help to pandemic

币游国际网址多少

2021-05-20

Special:TheStateCouncilhaspledgedtobeefupfinancialsupporttobusinesseshithardbytheCOVID-19pandemic,withstepstooffertailor-madefinancialse,itsaiditwillscaleupfinancialservicestowardbusinessesdevotedtoculturalandtourismdevelopment,offlineretailers,hotelsandtransportserviceprovidersandcontinuetoofferadequaforself-employedindividualstomakefundingmoreeasilyaccessibleandsupportfinancialinstitutionstoissueaspecialfinancialbondthatamountsatleast300billionyuan($),tytothemarketplayersinitsmonetarypolicy,addingthatitwillstepupregulationofthem,chiefanalystonthemacroeconomywithHaitongSecurities,saidthedecisionfromtheStateCouncilcameasconsumerspendingremainedadragontheoveralleconomicgrowth,whichmadeitnecessaryforthegovernmenttoenhancesupporttobusinesseshithardbythepandemic."Consumptionremainedaweaklinkintheeconomicrecovery,andthegovernmentshouldprioritizesupporttothegrowthofspendinggoingforward,"hesaid,addingthatreadjustmentinincomedistributdtheprofitmarginofsomebusinessesasitraisedthecostofproductsandpumpedtheprice,whichwouldinturnhitconsumerdemand."Itisimportantforthegovernmenttomanagetheinflationandespeciallymanagethemarketsexpectationsovertheinflation,",aresearcheronthemacroeconomywithChinaMinshengBanksthinktank,saidcommercialbanksmustamplifytheirroleasthemainchan,extendedloansandcreditloanstoreducethefinancingcostandmaintainthefinancingcostofsmallerfirmsatareasonablelevel.。