Free Trial

MNI BRIEF: China Issues Measures To Cut Cost For Real Economy

MNI (BEIJING)
MNI (Beijing)
True

Authorities in China have issued a 22 point guide for cutting costs in the real economy, according to an NDRC notice on Thursday.

On Monetary policy, officials should use "multiple tools" to maintain reasonable and sufficient liquidity, whilst promoting stable and moderate reductions in loan interest rates. SMEs should receive support to reduce FX hedging costs, the notice said. The government will implement tax and fee reduction policies such as for R&D expenses, and appropriately reduce import tariffs on advanced technology and equipment, according to the notice.

Keep reading...Show less
138 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Authorities in China have issued a 22 point guide for cutting costs in the real economy, according to an NDRC notice on Thursday.

On Monetary policy, officials should use "multiple tools" to maintain reasonable and sufficient liquidity, whilst promoting stable and moderate reductions in loan interest rates. SMEs should receive support to reduce FX hedging costs, the notice said. The government will implement tax and fee reduction policies such as for R&D expenses, and appropriately reduce import tariffs on advanced technology and equipment, according to the notice.

Keep reading...Show less