Weekly policy snapshot of Chinese economy

Source: Xinhua| 2020-11-22 11:23:01|Editor: huaxia

BEIJING, Nov. 22 (Xinhua) -- China's policymakers have rolled out a raft of measures over the past week to boost economic growth and mitigate the impacts of the COVID-19 epidemic.

The following are the latest policies taken during the period:

-- The State Council has given the nod to a pilot "one integrated license" in Shanghai's Pudong New Area.

The "one integrated license," combining the previously-needed multiple licenses, can significantly reduce the cost of industry access and foster a world-class business environment, the State Council said.

-- China will continue to participate in debt treatments of the poorest countries while staying in close communication with other parties, finance minister Liu Kun said.

The country will act on the Debt Service Suspension Initiative extension, and work with other bilateral and multilateral creditors to strengthen support for countries hit hardest by the COVID-19 pandemic, Liu said in an interview published on the ministry's website.

-- Overseas investors will soon have access to trade in palm oil futures contracts in China, according to the China Securities Regulatory Commission (CSRC).

The trading of onshore palm oil futures contracts will open to foreign investors on Dec. 22 this year on the Dalian Commodity Exchange, CSRC spokesperson Gao Li announced at a press briefing.

-- The General Office of the State Council has released a guideline on preventing non-grain use of arable land and stabilizing grain production to ensure food security.

The country should unveil special protection measures and regulations for using arable land, the guideline said, calling for strict restrictions on converting arable land into other types of agricultural land, such as forests and gardens. Enditem