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Apart from the fiscal side, the financial sector has also stepped up support to the real economy. By Wednesday, banks in Shanghai have offered up to 90 loans valued at 1.31 billion yuan to 48 key companies, with the weighted average interest rate coming in at 2.35 percent, said Li Jun, deputy director of the Shanghai financial services office.

Apparel prices declined 0.8 percent last month. They plunged 1.9 percent in March, which was the biggest drop since January 1949, after the government introduced a new method and data to calculate apparel prices.

Apart from implementing the overall plan for developing the Hainan Free Trade Port and drafting a negative list for the cross-border service trade, he added, the ministry will ensure the power of the Foreign Investment Law and other supporting regulations. China will introduce working measures for handling the complaints of foreign-invested enterprises, and will protect intellectual property rights and the legitimate rights of foreign firms to create a stable, fair and transparent business environment.

Another new service?that some retailers are implementing this year?is?shipping from stores, rather than?warehouses. In some cases this will allow packages to get to customers faster because the inventory is nearby. Those systems, however, largely rely on retail workers, who may not be?as adept as workers who spend all day picking and packing in a warehouse.

Apart from JD Finance, Ant Financial Services Group, the financial affiliate of e-commerce giant Alibaba Group Holding Ltd, also enables individuals and businesses to execute payments online in a secure manner.