China will cut billions of dollars in taxes and fees, increase infrastructure in...
The special bond issuance quota for local governments has been set at 2.15 trillion yuan, the finance ministry said in a report on Tuesday, as China ramps up infrastructure investment.
China has lowered reserve requirements for commercial lenders five times in the past year to spur loans to small and private companies - vital for growth and jobs. China aims to increase lending to small companies by large commercial banks by more than 30 percent this year, the premier said.
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