China signals stepping up economic support in 2020 | Malay Mail

China's Premier Li Keqiang speaks at the 8th trilateral leaders' meeting between China, South Korea and Japan in Chengdu, Sichuan province December 24, 2019. — Wang Zhao/Pool pic via Reuters

The comments from Li came as he visited a bank in Chengdu a day before today's trilateral summit with the leaders of South Korea and Japan in the southwestern city. It has been a tough year for China's economy, which is expanding at its weakest rate for three decades as it is buffeted by a long-running trade war with the United States as well as a slowdown in global demand for its goods.

Beijing already slashed the reserve requirement ratio for banks in October, which freed up about US$126 billion to boost lending to mostly small and medium enterprises.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China signals stepping up economic support in 2020BEIJING (AFP): Chinese Premier Li Keqiang signalled plans to free up more cash for the country&39;s banking system in a bid to boost lending to small businesses as leaders look to kickstart the world&39;s number two economy.
Source: staronline - 🏆 4. / 75 Read more »

China to lower import tariffs on some products from Jan 1 | Malay MailBEIJING, Dec 23 — China will lower tariffs on products ranging from frozen pork and avocado to some type of semiconductors next year, the finance ministry said, as Beijing looks to boost imports amid a slowing economy and a trade war with the United States. Next year, China will implement...
Source: malaymail - 🏆 1. / 86 Read more »