The New York Times editor?adds later:
The PBOC will learn from international investment rules and make the country's investment environment more convenient and friendly, Pan said.
The PBOC governor also stressed the need to prevent financial risks in small and medium-sized institutions, as the COVID-19 pandemic may increase nonperforming loans in banks. The central bank will support small and medium banks to implement capital across multiple channels to improve their resilience, he said.
The Pacific nation was locked down for more than month under "level 4" restrictions that were eased by a notch late last month. It has continued to enforce strict social measures on many of its citizens and businesses, helping prevent widespread community spread of the virus.
The NPC Standing Committee will urge government departments to draft laws on taxation and submit them to the committee for review, said Zhang.
The NFU and 35 other food organizations co-signed a letter published in this weekend's Sunday Times, calling on the government to maintain "free and frictionless" trade with the EU, and ensure access to an adequate labor supply.
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The PBOC said the RRR cut will save about 15 billion yuan in funding costs for banks this year, and the injected funds may help to lower the new benchmark interest rate-the loan prime rate (LPR) when banks will report the rate later this month.
The National Committee of the Chinese People's Political Consultative Conference holds a news conference on March 2, 2019. [Photo by Zou Hong/chinadaily.com.cn]
The National Bureau of Statistics is scheduled to release the official CPI data for September on Oct 15.
The National Association of College Stores, battling with Amazon.com over the online retailer’s textbook advertising, is questioning Amazon’s decision to go to court after the association asked the Better Business Bureau’s advertising division for an advisory opinion.