BEIJING, July 14 (Xinhua) -- The following are the key takeaways of the major economic decisions announced by the Chinese authorities in the past week:
-- China to raise retail fuel prices
China will raise the retail prices of gasoline and diesel from July 10, the country's top economic planner said.
As international oil prices have risen, the retail prices of gasoline and diesel will rise by 150 yuan (about 22 U.S. dollars) and 140 yuan per tonne respectively, according to the National Development and Reform Commission (NDRC).
-- China to intensify punishment on credit defaulters on sci-tech innovation board
China has released a guideline to underline information disclosure and strengthen sanctions on credit defaulters on the newly launched science and technology innovation board.
Under the guideline, credit defaulters, including those registering with false information or violating the laws and regulations of information disclosure, will be placed on a blacklist.
The blacklist will restrict them from applying for projects of fiscal funds, serving as legal representatives and chief executives of their companies, receiving honorary titles and prizes, and taking planes or trains.
-- China to further stabilize foreign trade
China's State Council decided to adopt more measures to keep its foreign trade stable.
China will improve its fiscal and tax policies to further lower the country's overall import tariff level, refine export tax rebate policies and speed up the tax rebate process.
Meanwhile, the country will also explore and propose more special types of insurance for foreign trade enterprises, guide financial institutions to increase foreign trade financing support to small- and medium-sized enterprises and improve the convenience of RMB settlement.
-- China's social security funds to be replenished with state capital
China will replenish social security funds through the injection of state capital this year to make the funds more sustainable.
Policies to reduce employers' contributions to social insurance schemes will be further implemented to ensure that pensions are paid on time and in full. Enditem
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