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The central bank cut the interest rate of re-lending funds that aim to help agribusiness and small businesses by 0.25 percentage point to 2.5 percent. After receiving the re-lending funds at a favorable rate, small commercial lenders will issue loans to small businesses at a rate of no more than 4.55 percent. The spread between the two interest rates is 205 basis points.

The charities were among the first to be blacklisted after the list was introduced in February last year. The list is part of a national credit system that aims to root out dishonesty in various sectors.

The chamber's member companies expect specific reforms including greater access to officials and consistent implementation of national policies at the local level to be further enhanced this year. About 46 percent of the respondents are confident the government will further open China's market to foreign investment within the next three years, up from 34 percent last year.

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The city dispelled global uncertainties to secure a large number of foreign direct investment deals. The number of newly attracted FDI contracts reached 6,800, up 21.5 percent from a year earlier, while contract value jumped 7.1 percent to .2 billion.

The chemical materials and processing sector reported the largest number of M&A deals, followed by the real estate and machinery manufacturing industries.

The central bank report showed East China's Jiangsu province had 637 small-credit companies by June, the most of any provincial-level region, followed by northeastern provinces of Liaoning and Jilin.

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The central government has unveiled a new package of measures to spur the growth of foreign trade, including steps to support exporters' use of new technologies and channels to explore the international market and enhance the competitiveness of small and medium-sized enterprises.

The civil aviation regulator has suspended operations of all flights of GA8 and GA8-TC 320 aircraft manufactured by Mahindra Aerospace following a crash in Sweden that killed nine people earlier this month.

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The central bank governor urged preventing risk from high debt levels, as financial stimulus ramps up to curb prolonged economic contractions caused by the unprecedented novel coronavirus pandemic, according to an article he authored.

The city is undergoing high-quality development, with its GDP per capita reaching ,000, Chen told a news conference in Beijing. In 2019, the city's GDP was nearly 2.7 trillion yuan (6.9 billion).