June 18 e-carnival
Chinese consumers' passion for online purchases has been sparked again with this year's June 18 shopping carnival, which kicked off on Monday, as e-commerce platforms accelerated efforts to offer steep discounts and shopping coupons and use livestreaming product promotions to boost an economy hit hard by the novel coronavirus pandemic.
bank loan buyback
China's central bank will start buying the bank loans made by some commercial lenders from this week to increase lending to small firms by as much as 1 trillion yuan ($140.18 billion) amid the coronavirus epidemic.
Preferential policies, including tailored taxation mechanisms, a special market access list and negative list offered to the Hainan free trade port will facilitate free trade, investment and cross-border capital flows in the island province, officials and experts said on Tuesday.