Some local governments have distributed consumption vouchers to encourage consumption. But those actions remain insufficient. China will have difficulty achieving its official 2022 economic growth target of about 5.5 percent. If more deficit spending is required to fund assistance for small firms, China can consider it, according to a former finance minister on Saturday. Lou … Read more
BEIJING: China’s central bank on Tuesday announced that it has decided to lower relending rates for the agriculture sector and small enterprises by 0.25 percentage points starting from December 7. After the reduction, the interest rates of three-month reloans supporting the development of agriculture and small firms stood at 1.7 per cent, six-month at 1.9 … Read more
ISLAMABAD: The upcoming Small and Medium Enterprises (SME) Policy would promote cross-sectoral small and medium scale industries and generate employment, a senior government official said. The government would formulate the SME Policy in accordance with Prime Minister Imran Khan’s vision to promote cross-sectoral small and medium scale industries and to generate employment and enhancing capacity … Read more
