The central bank will eliminate that interest rate margin, sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.
The city's GDP in the first half in 2019 was 1.5 trillion yuan, which marked 6.3 percent growth year-on-year.
The city, located in the northern part of Jiangsu, will be connected with Shanghai by high-speed rail by the end of this month. The opening of the railway, which will reduce the travel time between the cities to less than 2.5 hours, is set to accelerate the economic and cultural cooperation between the cities, said Wu Xiaodan, chief of Yancheng's publicity department.
The charges filed Monday are his fourth. They are related to payments by a subsidiary of the Japanese automaker that allegedly went to a private investment company controlled by Ghosn.
The city restarted its service for trains arriving in its 17 railway stations on Saturday, while departure service will not open until April 8 when the city's lockdown will be lifted, the local railway bureau said.
The city's public security bureau said on Wednesday that the suspects' families had been fined an undisclosed sum and ordered to cover any medical expenses. All of the suspects were placed in administrative detention, except for Zhang, as children under the age of 14 cannot be detained.
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The central bank's relending and rediscount program, as well as the regulatory policy allowing eligible small businesses to delay loan or interest payments until the end of June, are both targeting companies that have already received loans. But MSMEs have difficulty in obtaining loans from banks, for they cannot offer fixed assets as collateral.
The central SOEs' combined profits stood at 438.55 billion yuan in the first half of the year, down 37.7 percent year-on-year, narrowing by 12.6 percentage points compared with the decline in the first five months.
The central bank will also promote equity financing for private firms, working with various financial institutions, including fund management companies and brokerages. The measure is expected to reduce risks related to private firms securing financing by pledging shares as collateral, according to the meeting.
The city has to stringently control its size while the overall land for construction decreases over time, according to an overall urban plan for Shanghai (2017-35) released by the State Council on Monday.