News Snapshot:
BEIJING — China will continue to encourage financial institutions to make interest concessions appropriate for the real economy with more targeted measures, a senior official said on Nov 6. The country will intensify efforts to better implement preferential policies and make more targeted and effective measures to bolster the real economy, Liu Guoqiang, vice-governor of the People's Bank of China, told a press conference. In the first 10 months of this year, the financial system has helped firms save a total of 1.25 trillion yuan (about $ 188.7 billion) through cuts in interest rates and bank charges, and other monetary...