China extends repayment of $183 Bln in loans to bolster SMEs

Wangjing SOHO, Beijing

CGTN | 04-Jun-2020 | Wangjing SOHO, Beijing

China has extended repayment of loans to small and medium-sized enterprises. (SMEs) hurt by the Coronavirus outbreak as part of efforts to help them weather a difficult period. The repayment of principal and interest on loans of 1.3 trillion yuan (about 183 billion U.S. dollars) for SMEs has been extended from January 25 to May 15. The China Banking and Insurance Regulatory Commission said on Wednesday. Continue reading “China extends repayment of $183 Bln in loans to bolster SMEs”

Hainan Island to become the most free area for trade and investment in China

Hainan Island

CGTN | 02-Jun-2020 | Hainan Island | By Hu Binyi

China has unveiled a master plan to establish a free trade port on Hainan Island. The plan urges the area to lower the entrance threshold for businesses, build a transparent investment environment and strengthen the protection of intellectual property. Continue reading “Hainan Island to become the most free area for trade and investment in China”