国内英语资讯:China steps up financial support to small and micro businesses
<p><span word="BEIJING">BEIJING</span>, <span word="Sept">Sept</span>. 27-- <span word="China">China</span> <span word="will">will</span> <span word="further">further</span> <span word="bolster">bolster</span> <span word="its">its</span> <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="businesses">businesses</span> <span word="with">with</span> <span word="more">more</span> <span word="financial">financial</span> <span word="measures">measures</span> <span word="to">to</span> <span word="increase">increase</span> <span word="vitality">vitality</span> <span word="of">of</span> <span word="the">the</span> <span word="economy">economy</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="decision">decision</span> <span word="made">made</span> <span word="at">at</span> <span word="a">a</span> <span word="State">State</span> <span word="Council">Council</span> <span word="executive">executive</span> <span word="meeting">meeting</span> <span word="chaired">chaired</span> <span word="by">by</span> <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="In">In</span> <span word="order">order</span> <span word="to">to</span> <span word="boost">boost</span> <span word="policy">policy</span> <span word="support">support</span> <span word="and">and</span> <span word="encourage">encourage</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="step">step</span> <span word="up">up</span> <span word="financial">financial</span> <span word="services">services</span>, <span word="credit">credit</span> <span word="ceiling">ceiling</span> <span word="of">of</span> <span word="VAT">VAT</span> <span word="exemption">exemption</span> <span word="for">for</span> <span word="interest">interest</span> <span word="derived">derived</span> <span word="from">from</span> <span word="bank">bank</span> <span word="lendings">lendings</span> <span word="to">to</span> <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="businesses">businesses</span>, <span word="farmers">farmers</span> <span word="and">and</span> <span word="self">self</span>-<span word="employed">employed</span> <span word="will">will</span> <span word="be">be</span> <span word="expanded">expanded</span> <span word="from">from</span> 100,000 <span word="yuan">yuan</span> <span word="to">to</span> 1 <span word="million">million</span> <span word="yuan">yuan</span> <span word="between">between</span> <span word="Dec">Dec</span>. 1, 2017 <span word="and">and</span> <span word="Dec">Dec</span>. 31, 2019.</p><p><span word="The">The</span> <span word="stamp">stamp</span> <span word="tax">tax</span> <span word="exemption">exemption</span> <span word="for">for</span> <span word="the">the</span> <span word="borrowing">borrowing</span> <span word="contracts">contracts</span> <span word="of">of</span> <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="businesses">businesses</span> <span word="and">and</span> <span word="the">the</span> <span word="VAT">VAT</span> <span word="exemption">exemption</span> <span word="for">for</span> <span word="those">those</span> <span word="with">with</span> <span word="a">a</span> <span word="monthly">monthly</span> <span word="sales">sales</span> <span word="volume">volume</span> <span word="of">of</span> <span word="less">less</span> <span word="than">than</span> 30,000 <span word="yuan">yuan</span> <span word="will">will</span> <span word="be">be</span> <span word="extended">extended</span> <span word="to">to</span> 2020.</p><p><span word="More">More</span> <span word="efforts">efforts</span> <span word="will">will</span> <span word="be">be</span> <span word="made">made</span> <span word="to">to</span> <span word="put">put</span> <span word="the">the</span> <span word="inclusive">inclusive</span> <span word="finance">finance</span> <span word="departments">departments</span> <span word="of">of</span> <span word="state">state</span>-<span word="owned">owned</span> <span word="banks">banks</span> <span word="in">in</span> <span word="place">place</span> <span word="at">at</span> <span word="grassroots">grassroots</span> <span word="levels">levels</span>. <span word="Commercial">Commercial</span> <span word="banks">banks</span> <span word="will">will</span> <span word="enjoy">enjoy</span> <span word="cut">cut</span> <span word="in">in</span> <span word="reserve">reserve</span> <span word="requirement">requirement</span> <span word="ratio">ratio</span> <span word="if">if</span> <span word="their">their</span> <span word="total">total</span> <span word="or">or</span> <span word="percentage">percentage</span> <span word="of">of</span> <span word="increase">increase</span> <span word="in">in</span> <span word="individual">individual</span> <span word="loans">loans</span> <span word="of">of</span> <span word="less">less</span> <span word="than">than</span> 5 <span word="million">million</span> <span word="yuan">yuan</span> <span word="to">to</span> <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="businesses">businesses</span>, <span word="farmers">farmers</span>, <span word="people">people</span> <span word="under">under</span> <span word="poverty">poverty</span> <span word="line">line</span>, <span word="students">students</span> <span word="and">and</span> <span word="guaranteed">guaranteed</span> <span word="loans">loans</span> <span word="for">for</span> <span word="startups">startups</span> <span word="reach">reach</span> <span word="a">a</span> <span word="certain">certain</span> <span word="standard">standard</span>.</p><p>"<span word="The">The</span> <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="businesses">businesses</span> <span word="have">have</span> <span word="been">been</span> <span word="a">a</span> <span word="strong">strong</span> <span word="pillar">pillar</span> <span word="for">for</span> <span word="employment">employment</span>, <span word="offered">offered</span> <span word="strong">strong</span> <span word="support">support</span> <span word="for">for</span> <span word="large">large</span> <span word="and">and</span> <span word="medium">medium</span>-<span word="sized">sized</span> <span word="enterprises">enterprises</span>, <span word="and">and</span> <span word="increased">increased</span> <span word="vitality">vitality</span> <span word="of">of</span> <span word="the">the</span> <span word="society">society</span>," <span word="Li">Li</span> <span word="said">said</span>. "<span word="We">We</span> <span word="should">should</span> <span word="encourage">encourage</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="lower">lower</span> <span word="their">their</span> <span word="footing">footing</span> <span word="and">and</span> <span word="strengthen">strengthen</span> <span word="capacities">capacities</span> <span word="to">to</span> <span word="serve">serve</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span>."</p>
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