"Supporting these businesses will help prop up employment and protect economic vitality," he noted.

But there's not a bicycle in sight - not even as a prop.

Fiscal and financial departments have pledged to prop up the country's sci-tech innovation drive accordingly.

Amid concerns over a faltering economic momentum, the People's Bank of China, the nation's central bank, unexpectedly cut key policy rates on Tuesday for the second time since June, signaling the latest push for China's ramped-up monetary easing efforts to prop up growth.

Citing key steps mapped by the document, Hong Yong, an associate research fellow at the e-commerce research institute of the Chinese Academy of International Trade and Economic Cooperation, said that encouraging the private sector's investment in some key subsectors will offer more opportunities for the private sector's participation in key national projects, promote the development of relevant subsectors and prop up economic growth.

Lloyd Chan, senior economist at British think tank Oxford Economics, said that with the real estate downturn persisting and external demand weakening, "we think policymakers will be keen to prop up domestic demand in the coming months".

support it and to prop up economic activities," Rashid said.

The new measures showed the government's great concern for people's livelihood and strong determination to prop up economic growth, said Li Chang'an, a researcher with the University of International Business and Economics.

"These SMEs will effectively prop up China to accelerate the transformation of development mode, optimize the economic structure, and transform the growth momentum," Li Zibin said.

Many provincial-level governments have pledged intensified efforts to prop up growth and keep economic performance within a reasonable range, pointing to a robust 2023 amid signs of notable economic recovery, according to information released by the National Development and Reform Commission, the country's top economic regulator, in February.

"At the beginning of this year, Sheng Qiuping, vice-minister of commerce, said at a news conference that this year's target was to prop up consumption.

It also said that China is ready to expand market access for foreign investors, prop up consumption, and curb risks in the real estate sector.

Experts said several provincial-level governments have pledged intensified efforts to prop up growth and keep economic performance within a reasonable range, pointing to a robust 2023 amid signs of notable economic recovery.

Another pillar of the economic rebound is likely to be stabilizing real estate development investment, which will facilitate the recovery of related industries and prop up credit expansion throughout society, Zhang said at the seminar.

As consumer activity recovers amid decreasing COVID-19 disruptions and concerted policy steps are made to prop up infrastructure investment and stabilize the property sector, China's economy is likely to see a robust rebound this year to further shore up FDI, they said.

The nation's economic growth is expected to rebound to above 5 percent this year as consumer activity revives amid waning COVID disruptions while concerted policy steps are set to prop up infrastructure investment and stabilize the property sector, they said.

Despite the challenges and pressures, Zhou said China's stable price levels give plenty of room to step up macroeconomic policy support for the economy and the country still has sufficient policy tools to prop up the growth.

Efforts will also be made to keep the exchange rate of the renminbi "generally stable at a reasonable and equilibrium level", the statement said, hours after the said financial regulators increased a key parameter to boost domestic borrowing from overseas and thus help prop up the Chinese currency.

Zhou said that it is advisable for the government to make better use of structural monetary policy tools to prop up the real economy, with a key focus on increasing financial support for manufacturing, green development and infrastructure construction.

The country has strengthened efforts to stabilize the economy, as the State Council, China's Cabinet, unveiled 33 measures in May covering fiscal, financial, investment, consumption and industrial policies to prop up growth.

To further prop up the growth, it would be advisable to issue special treasury bonds and allocate the 2023 quota for local government special bonds in advance, Luo said.

Looking at the rest of the year, they expected the easing of strong fiscal policy and targeted monetary policy to prop up growth.

Stronger fiscal policies, targeted monetary policy easing expected to prop up growthChina's economy is expected to rebound in the second half of the year, and the country has plenty of room for macro policy support and sufficient policy tools in reserve to prop up growth, economists and analysts said.

Experts said they expect to see stronger fiscal policy easing, notably in infrastructure spending, to prop up growth, as well as targeted monetary policy easing to support small and medium-sized enterprises and public works.

The State Council recently released a document that detailed a string of measures to prop up the ability of SMEs to survive the short-term challenges.

As measures to bolster credit demand filter through, market interest rates－including mortgage rates－may further decline, prop up credit expansion from June and help drive China's economic recovery, Ming said.

Recent document details measures to prop up smaller firms amid challengesThough recent outbreaks of COVID-19 have been pressuring small and medium-sized enterprises, China's economic fundamentals remain unchanged and more efforts will be made to bolster SMEs' ability to cope with short-term difficulties, an official said on Wednesday.

Earlier this month, the State Council－the nation's Cabinet－released a document detailing a string of measures to prop up SMEs' capabilities to withstand short-term challenges.

In the next step, the NDRC will implement existing policies in the first half as well as consider new incremental policies to prop up growth.

China is aiming to design and use new policy tools to prop up growth amid a challenging environment, and it will roll out measures when necessary, a senior official said on Thursday.

There are more factors that will prop up the rapid recovery of China's consumption sector in 2022.

The annual Central Economic Work Conference concluded on Dec 10 clearly emphasized stability for sound 2022 and "front-loaded "policies to be taken to prop up growth.

Underpinning the robust foreign trade growth was a global economic rebound that drove up overseas demand, as well as rising international commodity prices and recovering domestic demand that have combined to prop up the country's imports, officials and experts said.

Recovering consumer spending and buoyed production have helped prop up China's imports, with a large amount of industrial and agricultural products imported from developed countries such as the United States, said Liang Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

The worldwide normalization of economic activities will sustain the rally in international commodity prices and prop up factory-gate prices in China, which will gradually filter into consumer prices, Wang said.

Experts said they expect to see more such indicators in the current quarter and next year as policymakers have announced a series of measures to stabilize the overall economy, prop up the property sector and boost market confidence.

Having noticed that China's consumer-focused internet is gradually transforming into a more business-oriented internet, Wang said the modern logistics system will become key in supporting the country's economic transition and industrial restructuring, and it will also help prop up innovation-driven growth.

China is expected to ramp up financial support to promote steady development of the real estate sector and the platform economy in the coming months as part of efforts to prop up credit expansion, experts said on Tuesday.

Yin Yue, an analyst at Shanghai-listed Hongta Securities, said China's relatively stable inflation level leaves plenty of room for more policy stimulus to prop up growth.

He Hui, assistant president of the CFLP, attributed the aforementioned upbeat signs to the country's measures to unclog the logistics and prop up businesses in difficulties, saying that the sector will witness more expansion in June.

In an economic climate lacking credit demand, credit expansion driven by the property sector will help boost the growth in purchasing power of the whole society and therefore prop up the revenue growth of other sectors.

At least 21 cities, ranging from northeastern Liaoning province's Shenyang to southwestern Yunnan province's Kunming, have introduced measures to prop up home prices from falling drastically, said China Business News.

In a joint initiative by the national coal association as well as the coal transportation and distribution association, the seven energy suppliers stressed the need to ink medium and long-term contracts at an early date in 2021, which could serve as a prop for price stability.

In July, local governments maintained the principle that "housing is for living in, not for speculation," and hence did not use the property market as a form of short-term stimulus to prop up the economy, said Kong Peng, a senior NBS statistician.

Investment in high-tech manufacturing will not only help prop up investment demand in the short term, but also spur technological progress at the supply end in the long run, the report noted.

"We will strive to realize high-quality development in the shipping and maritime sector, making China a world-leading maritime powerhouse to prop up the nation's economic and social development," said Liu Xiaoming,vice-minister of transport, at the China Maritime Forum 2019 in Ningbo, East China's Zhejiang province.

Regarding industrial robots as "key equipment" to prop up intelligent manufacturing and elevate production efficiency, the central bank said that a broader range of industrial robot applications would alleviate the pressure from rising labor costs and comply with the need of flexible, intelligent and lean production.

Seen as a major prop to the Chinese economy, the property sector has thus remained largely stable amid efforts to defuse financial risks.

To tap into the promising market, Tesla joins the province's efforts to prop up electric vehicle consumption and the fast-track development of the relevant infrastructure facilities by building the supercharger network and stores.

The State Council－the nation's Cabinet－recently released a document detailing a string of measures, including increasing loans to small and micro enterprises, to prop up the ability of SMEs to survive short-term challenges.

As measures to boost car consumption continue to prop up the market, the market will keep improving, the association said.

The association said China's auto market maintained recovery momentum last month, as measures to boost car consumption continued to prop up the market.

The association said the figures came in better than expected as measures to boost car consumption continued to prop up the market.

To prop up the market, the government recently announced a slew of measures to unleash demand.

Automakers "really pushed the deals over the holiday weekend to prop up their May numbers".

Huo Jianguo, vice-chairman of Beijing-based China Society for World Trade Organization Studies, said China has its own competitive advantages in infrastructure, industry structure, complete industrial system and skilled labor force, which are the fundamental elements to prop up the global industrial chain.

The financial system will also back up infrastructure and the construction of major projects, and will prop up support for real estate firms to ensure the delivery of housing projects, it added.

Thanks to Tuesday's policy interest rate cut, the country's key benchmark lending rates for medium-term lending facility operations and loan prime rates are likely to see reductions over the following days, which will help prop up credit demand and boost investor sentiment.

Banking turmoil, debt ceiling issue shift focus to modern monetary theoryUS policymakers must rethink using reckless monetary stimulus as a tool to prop up the economy as the recent banking turmoil in the United States and Europe highlighted the dangers inherent in that approach, experts said on Wednesday.

Analysts from Everbright Securities said current low valuations may sustain continued capital inflows from overseas investors, which could prop up the market in the short term.

And China's huge trade surplus will strongly prop up the renminbi's value in the following months, she said.

As investor confidence got boosted by the targeted measures to prop up the economy, China's stock markets have thus recovered some lost ground in the past more than one month.

According to Jonathan Billow, a consultant from multinational financial recruitment agency Selby Jennings, an unprecedented rush for quantitative trading specialists－Wall Street calls them "quants"－was seen in North Asia in 2021, mainly due to the expansion of hedge funds and prop trading firms in the region.

A moderately accommodative monetary environment in China will not only help consolidate an incipient stabilization of the domestic economy, but also help prop up the global economy by boosting China's demand for external goods and services, Wu said.

Positives on derivatives, macro policy spur inflows; stocks, bonds set to shineChina's further opening up of the derivatives market and the distinct cycle of the country's macroeconomic policy are expected to prop up global investors' accelerated allocations for renminbi-denominated assets, experts said on Tuesday.

The country's relatively effective control of COVID-19 and overall stability of industrial chains will continue to prop its export growth, which will in turn help the renminbi hold its own, said Yao, who is also former head of the financial research institute of the PBOC, the Chinese central bank.

During a virtual World Economic Forum panel discussion on Jan 26, Yi Gang, governor of the People's Bank of China, the central bank, said that the country will not shift suddenly from its supportive monetary measures, and the monetary policy will continue to "prop up the economy".

The country pledged in May to increase its deficit by 1 trillion yuan over last year and issue 1 trillion yuan of government bonds for COVID-19 control, as part of efforts to prop up its virus-hit economy.

Lendings to rural areas will be expanded to prop up epidemic prevention and control, public health infrastructure construction, as well as the sectors of tourism, planting and breeding and production of agricultural products and by-products, which were hit by the COVID-19 epidemic.

The company's success with raising funds at lower costs came as China has adopted a mix of measures to prop up credit support for the real sector of the economy, especially for small and medium-sized firms.

The People's Bank of China, the central bank, lowered a key interbank interest rate on Monday, the first such easing in four years as policymakers signaled their intention to enact necessary steps to ensure sufficient liquidity and prop up growth.

Looking forward to the fourth quarter, the China-US yield spread may remain high and prop up foreign inflows, Tang said, adding that any escalations in Sino-US trade tensions could still weigh on inflows.

The yuan has been depreciating because of the tariffs and it is no longer tenable for China to continue to prop up the yuan.

Meanwhile, medium- and long-term loans to the manufacturing sector should be increased to prop up high-quality growth of the sector.

"In February, supportive domestic policies and rather favorable external environment will continue to prop up the recovery," Wang said.

The question of whether China's central bank should step in by directly purchasing stocks and bonds or take quantitative easing measures to prop up investor confidence incited a heated debate among experts and analysts.

Share buybacks by companies part of efforts to lift sentiment, prop up pricesShare repurchases surged in mainland stock markets with a sizable growth in the number of such transactions on an annual basis, data from information provider Wind Info showed on Friday.

While the government has plenty of firepower to prop up asset prices if it wants to, forecasters at Australia& New Zealand Banking Group Ltd predict the selloff will deepen this year.