China is committed to advancing nuclear energy development and is willing to collaborate with other members of the International Atomic Energy Agency (IAEA) to tackle global challenges, said a Chinese official on Monday.
Liu Jing, vice chairman of the China Atomic Energy Authority, made the remarks at the 68th Regular Session of the IAEA General Conference in Vienna, Austria, the agency's headquarters.
Addressing the opportunities and challenges presented by global sustainable development, China is prepared to collaborate with the IAEA and its member states to enhance nuclear safety and tackle both traditional and emerging challenges related to nuclear safety, security and proliferation risks, said Liu.
China will make efforts to enhance the resilience and security of the global nuclear industry supply chain, foster collaborative innovation in nuclear energy technology, and expand nuclear scientific research facilities and experimental platforms together with IAEA member states in an orderly manner, said Liu.
China is willing to promote universally beneficial and inclusive nuclear energy development and increase resource investment with global partners, so as to provide more support and assistance to the Global South countries for peacefully using nuclear energy and for promoting modernization and sustainable development, said Liu.
China once again reiterated its opposition to Japan's release of nuclear-contaminated wastewater from the crippled Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean, calling for the establishment of a monitoring arrangement that is carried out in an effective and independent manner, so as to safeguard people's health and ensure a safe global marine environment, said Liu.
China committed to promoting nuclear energy development with IAEA members: official
Since the beginning of this year, China's financial sector has further improved financing services for small and micro enterprises, particularly by addressing financing blockages for micro, small, and medium enterprises (MSMEs), amidst the country's strengthened support for businesses in recent years.
The China Banking and Insurance Regulatory Commission recently issued a document addressing the blockages in the financing process of MSMEs.
According to the document, the range of entities eligible for liability exemption upon fulfilling due diligence has been broadened to cover loans in key areas such as small and micro enterprises, self-employed individuals, owners of small and micro enterprises, and farmers. This move aims to effectively reduce the burden on grassroots credit personnel and address their concerns regarding lending.
Meanwhile, the scope of renewal has been broadened from certain small and micro enterprises to include all small and micro enterprises.
It is specified that small and micro enterprises with working capital loans and owners of small and micro enterprises, self-employed individuals, and farmers who continue to require financing after the loan terms can seek renewal support from banks.
To enhance support for small and micro enterprises, coordination among different national departments, as well as between national ministries and local governments, is growing increasingly tight.
The China Banking and Insurance Regulatory Commission and the National Development and Reform Commission have established a coordination mechanism to bolster financing for small and micro enterprises.
For instance, special teams have been set up at the county and district levels throughout China to comprehensively assess the financing needs of small and micro enterprises.
For small and micro enterprises with genuine financing needs and good credit standing, banks are required to complete credit approvals within one month in principle, guaranteeing direct access to credit funds for these enterprises.
As of the end of August this year, the balance of inclusive loans to small and micro enterprises nationwide reached 31.9 trillion yuan (around 4.5 trillion U.S. dollars), doubling that at the end of 2017, with the average interest rate decreasing by a cumulative 3.5 percentage points.
By the end of September, the six major commercial banks - Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BCM), and Postal Savings Bank of China (PSBC) - have collectively extended over 2.2 trillion yuan (around 310.9 billion U.S. dollars) in newly added inclusive loans to small and micro enterprises this year.
China's financial sector further removes MSMEs' financing blockages in 2024
