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Andrei Akopian, Managing partner of Caderus Capital
China plans to set up a national fund of up to 60 billion yuan ($9.4 billion) to encourage the growth of small and micro-businesses.
China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five.
A series of new corporate tax cuts are expected to reduce the tax burden on small businesses by more than 100 billion yuan ($15.64 billion), the Ministry of Finance said.
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China's new foreign exchange (forex) policy will contribute to a less volatile and more flexible yuan in the future, a central bank economist said.