Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits national political advisors from the China Democratic League, the China Association for Promoting Democracy, and the sector of education, who are attending the third session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), in Beijing, capital of China, March 6, 2025. Xi attended their joint group meeting, and heard their comments and suggestions.
BEIJING, March 6 (Xinhua) -- China will cut reserve requirement ratios (RRRs) and interest rates when appropriate this year in line with domestic and international economic and financial conditions as well as the performance of financial markets, the country's central bank governor said Thursday. The average RRR for China's financial institutions now stands at 6.
China will soon establish a national venture capital guidance fund in a bid to help innovative enterprises grow stronger, more competitive, and larger, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said at a press conference during the ongoing two sessions on Thursday. Zheng made the remarks while elaborating the top economic planner's next steps to implement the tasks outlined in the Government Work Report submitted to the National People's Congress for deliberation on Wednesday.
China has sufficient fiscal policy tools and ample flexibility to effectively respond to potential domestic and external uncertainties, Minister of Finance Lan Foan said at a news conference on Thursday. China has opted for a more proactive fiscal policy this year, aimed at achieving annual targets and strengthening the drivers of medium and long-term development, Lan said during the ongoing annual session of the National People's Congress, the country's top legislature.
