New policies will give small firms a leg up: China Daily
June 22, 2020
Banks, insurers to help reduce loan and other costs, offer free consulting service
China's banking and insurance sectors will forgo part of their profits this year to stabilize the real economy by lowering lending rates, comprehensive financing costs and insurance premiums for companies, and they will offer some free consulting services to small businesses, said Xiao Yuanqi, chief risk officer of China's top banking and insurance regulator. Click here to read....
Chi Next IPO reform excites VC companies: China Daily
June 22, 2020
Reform in the form of the registration-based initial public offering system on the ChiNext board of the Shenzhen Stock Exchange is expected to give the country's venture capital investment and entrepreneurship ecosystem a shot in the arm. Click here to read....
China launches new Go West development drive to counter post-coronavirus geopolitical risks: South China Morning Post
June 22, 2020
In July 2013, while at the Port of Qinzhou in southwest China, Premier Li Keqiang summed up the government’s plan for handling an oncoming external economic shock. Click here to read....
De-escalating tensions on China-India border paramount: Global Times
June 22, 2020
According to Indian media reports, India gave "complete freedom of action" to commanders deployed along the Line of Actual Control (LAC) to "handle situations at the tactical level." Moreover, the commanders would no longer be bound by restrictions on the use of firearms in "extraordinary situations." Click here to read....
India knows ‘it can’t have a war with China’ Global Times
June 21, 2020
After the border clash in the Galwan Valley, nationalism and hostility against China within India are rising sharply, while Chinese analysts and some reasonable voices inside India warned that New Delhi should cool down the nationalism at home. India will be more humiliated than after the 1962 border conflict with China if it cannot control anti-China sentiment at home and has a new military conflict with its biggest neighbor, analysts said on Sunday. Click here to read....
