The Chinese government on Tuesday announced the launch of a special guarantee program with a total scale of 500 billion yuan (about 72 billion U.S. dollars) to support investment by micro, small and medium-sized private enterprises.
Implemented through the National Financing Guarantee Fund over a two-year period, the program will cover not only medium- and long-term loans, but also financing needs related to daily operations, such as factory expansion, shop renovations and working capital, according to official documents jointly released by the China's Ministry of Finance (MOF) and several other competent departments.
"The 500-billion-yuan investment guarantee program, supported by a tiered government financing guarantee mechanism from central to provincial and city levels, is expected to leverage private investment to the tune of nearly 900 billion yuan. This program is crucial for stabilizing and stimulating private investment at the moment," said Yuan Dong, director of China Economic Research Center of the National Academy of Financial and Economic Strategy at the Central University of Finance and Economics.
China to launch 500-bln-yuan guarantee program to support private investment
China to launch 500-bln-yuan guarantee program to support private investment
A Chinese envoy on Monday called on the international community to jointly prevent Japan from reverting to "the old and pernicious path of militarism."
Sun Lei, charge d'affaires of China's Permanent Mission to the United Nations, made the appeal at the first session of the Preparatory Committee for the UN Conference of Plenipotentiaries on Prevention and Punishment of Crimes Against Humanity.
Crimes against humanity constitute grave offenses that threaten international peace and security. This charge first appeared in the Charter of the International Military Tribunal at Nuremberg and the Charter of the International Military Tribunal for the Far East, embodying the conscience of humankind, he said.
During World War II, Japanese militarism inflicted profound atrocities on the people of China, other Asian nations, and the world. This year marks the 80th anniversary of the beginning of the work of the International Military Tribunal for the Far East ("Tokyo trials"), he noted.
The Tribunal systematically adjudicated and exposed the crimes of Japanese militarism in planning, preparing for, and invading China and other Asian nations, as well as in launching the Pacific War. It sentenced relevant war criminals for crimes against peace, war crimes, and crimes against humanity, he said.
"The Tokyo trials stand as irrefutable historical evidence of Japan's crimes of aggression, pioneered the development of international criminal law, and sounded a clarion call for peace to correct Japan's expansionist policies. The international community should jointly safeguard the victorious outcomes of the Second World War, including the Tokyo trials, uphold the international order based on international law, and prevent Japan from reverting to the old and pernicious path of militarism," he said.
Against the current international situation marked by intertwined changes and turmoil and regional conflicts arising one after another, strengthening the prevention and punishment of crimes against humanity is both timely and of great significance, said Sun.
China calls for efforts to prevent Japan from reverting to militarism
