BEIJING Park Joo-ho Dortmund Jersey , Sept. 27 (Xinhua) -- China will further bolster its small and micro businesses with more financial measures to increase vitality of the economy, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
In order to boost policy support and encourage financial institutions to step up financial services, credit ceiling of VAT exemption for interest derived from bank lendings to small and micro businesses Ousmane Dembele Dortmund Jersey , farmers and self-employed will be expanded from 100,000 yuan to 1 million yuan between Dec. 1, 2017 and Dec. 31 Omer Toprak Dortmund Jersey , 2019.
The stamp tax exemption for the borrowing contracts of small and micro businesses and the VAT exemption for those with a monthly sales volume of less than 30,000 yuan will be extended to 2020.
More efforts will be made to put the inclusive finance departments of state-owned banks in place at grassroots levels. Commercial banks will enjoy cut in reserve requirement ratio if their total or percentage of increase in individual loans of less than 5 million yuan to small and micro businesses, farmers Nuri Sahin Dortmund Jersey , people under poverty line, students and guaranteed loans for startups reach a certain standard.
"The small and micro businesses have been a strong pillar for employment, offered strong support for large and medium-sized enterprises Neven Subotic Dortmund Jersey , and increased vitality of the society," Li said. "We should encourage financial institutions to lower their footing and strengthen capacities to serve the real economy."
"Financial resources should flow more to the real economy, especially to agriculture and small and micro businesses to ease their credit crunch and high financing cost Mikel Merino Dortmund Jersey ," he said.
They have played a pivotal role in creating new jobs, as each small and micro enterprise can help create eight new jobs and each self-employed business creates 2.8 jobs, according to the National Bureau of Statistics.
The meeting decided that the government will make greater efforts to develop governmental financing guarantee and re-guarantee institutions Maximilian Philipp Dortmund Jersey , with a national financing guarantee fund also in the pipeline. Venture capital funds will be encouraged to devote more investment to small businesses in their early periods.
"The development of inclusive finance should be a priority, so that the small and micro businesses and other weaker links can receive consistent support. The financing of small and micro businesses is a global challenge. But it is of major importance, and should be highly prioritized." Li said.
"We managed to make some progress over the years Matthias Ginter Dortmund Jersey , reaching targets of growth rate of bank lending to small and micro businesses no lower than lending across the board, number of individual loans and rate for loan approval no lower than the same period last year. Such measures have increased SME's chance of survival," he said.
Policies for small and micro businesses should cover self-employed businesses and farmers as well to increase policy effectiveness Mario Gotze Dortmund Jersey , he added.
JAKARTA， Dec. 15 (Xinhua) -- Indonesian resorts islands of Bali and Bintan grabbed international appreciations as Asia' s best sites to host triathlon sports recently awarded by AsiaTRI， a prominent website that covers tourism sports events in 12 nations and regions.
Bali obtained Best Overall Short Course Triathlon in Asia 2016 title for Bali International Triathlon.
Meanwhile， Riau province' s Bintan secured two titles comprised of Best Long Distance Triathlon Swim Course in Asia 2016 and Best Long Distance Triathlon Bike Course in Asia 2016 for the Ironman 70.3 Bintan sports events.
The two events in Bali and Bintan were held in August， participated by thousands of the tourism sports athletes from over 50 nations and regions.
"Organizing tourism sports like triathlon， cycling and all kinds of colossal-scaled sports would benefit our tour destinations，" Indonesian Tourism Minister Arief Yahya said in a statement released on Thursday to respond to the latest international achievement of national tourism sector.
He added that based on survey results， 60 percent of those taking part in tourism sports would return to the site with their families for vacation
The 2016 Bali International Triathlon was praised as a well-organized event in Asia， one of world' s safest in tourism sports as the roads were totally closed from public vehicles during the event.
The event was also featured with a particular traditional touch through the holy blessing ceremony for athlete' s bicycles and cocktail feast for participants at the end of the event.
The website also praised for the beautiful natural sceneries passed through by the athletes during the event and the high quality of roads in Bali that the website regards of comparable to world-class road race championships.
"Those have added to the event' s positive development， particularly for the rookie athletes. It now becomes flatter and safer，" the website writes.
Previously last year， the website awarded Bali International Triathlon with Best Destination Race-Short Course title.
Meanwhile Indonesia' s resorts island of Bintan， which is located near Singapore， is highly commended to host the next similar international sports event for its terrain and natural condition that fit for the tourism sports.
"This event has everything it takes to become one of the best in Asia due to its convenient access， fun and challenging courses. This is very good for the athletes and families，" Vinnie Santana， an AsiaTRI contributor， said.
Bintan offers warm shallow beautiful coasts， friendly terrain， straight tracks and exciting views of sea， villages and plantations， the website remarked.
Indonesia' s tourism sector garnered international recognitions in the last few weeks. It previously seized most of best titles in 2016 World Halal Tourism Award and 2016 outstanding liveaboa. Cheap Grizzlies Jerseys Cheap Clippers Jerseys Cheap Celtics Jerseys Cheap Cavaliers Jerseys Cheap Chicago Bulls Jerseys Cheap Milwaukee Bucks Jerseys Cheap Oklahoma City Thunder Jerseys Cheap Washington Wizards Jerseys Wholesale Warriors Jerseys Wholesale Phoenix Suns Jerseys