Economy
14:33, 04-Jan-2019
Premier Li says China to take more measures to support enterprises
Updated
13:31, 07-Jan-2019
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Chinese Premier Li Keqiang said on Friday that China will take more measures to support the financing of private companies and medium and small enterprises, according to a statement on the Chinese government's website.
China will make more macroeconomic policy countercyclical adjustments, further cut taxes and administrative fees, and "make good use of" across-the-board requirement reserve ratio (RRR) cuts as well as targeted cuts, Li emphasized at a meeting held on Friday at the China Banking Regulatory Commission, said the statement.
He also visited the inclusive finance departments of Bank of China, Industrial and Commercial Bank of China and China Construction Bank.