in

China seeks to promote development of private businesses with more loans

The rules aim to safeguard the legitimate rights and interests of private businesses and expand employment, China’s cabinet said in a notice published on its website.

“Private businessmen are important market players, playing an important role in booming the economy and increasing employment.”

The Tuesday rules also banned abusive charges to the self-employed.

The world’s second-biggest economy is grappling with the economic impact of persistent COVID-19 curbs, a prolonged property slump and global recession risks with falling domestic demand and high unemployment.


Source: Economy - investing.com

S&P says improved fiscal outcomes for Australia underpin AAA rating

Philippines must be a “little aggressive” in raising rates – central bank chief