China cabinet says to deepen interest rate reform - Reuters

FXStreet (Mumbai) - State-run China radio reported via Reuters on Wednesday that the country’ cabinet is aiming to reform the interest rate market by making better use of short-term repo and medium-term lending facilities.

In addition, the cabinet also said that it would streamline the approval process for highway projects. Further, it would step up restructuring of zombie-companies and set up a financing guarantee fund to help small firms. While also noting the need to stabilize industrial production.