BEIJING: China's central bank is boosting its monetary policy tools to stimulate the vitality of private, micro and small enterprises, as well as the agriculture sector, lending more steam to the recovery of the economy's intrinsic driving force.
The relending and rediscount quota for the aforementioned sectors will be expanded by 200 billion yuan (about $27.72 billion), according to the People's Bank of China on Friday. The bank said the move is expected to reduce the cost of social financing, promote employment and support the recovery of intrinsic economic momentum.
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