皇冠体育app

Agriculture important

"As farmers get more job opportunities and their incomes improve, domestic demand in the countryside will be further unleashed," said Kuang.

According to authorities, 皇冠体育app is unlikely to unveil any large scale stimulus package this year. Instead, growth will rely on domestic demand to boost consumption.

Echoing the document, the People's Bank of 皇冠体育app announced on Tuesday that it will lower the reserve requirement ratio for county-level rural commercial banks by up to 2 percentage points.

Analysts estimate the cut will release around 50 billion yuan ($8.1 billion) to 150 billion yuan to the rural market.

Kuang said the move does not mean a shift in 皇冠体育app's prudent monetary policy, as the amount is small given the size of the economy.

The "targeted" move will increase supply to rural areas, add new momentum to agricultural growth, and help rebalance the country's economy, said Kuang.

Private lenders will test the waters of financial reform

皇冠体育app to open interest rate in one or two years

• New UK visa center for Beijing
• Google on 皇冠体育app
• Innovative solution for faucets
• 皇冠体育app to raise natural gas supply
• New arrival: Smart BoConcept
• New arrival: Nissan Lannia Concept
• New arrival: Denza Electric Car
• New arrival: Qoros 3 Hatch