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Expand Credit For SMEs - Vice Minister

CHINA PRESS

China will implement financial support measures to boost the private sector, according to Xu Xiaolan, vice minister at the Ministry of Industry and Information Technology. Speaking at a recent press conference, Xu said China attaches great importance to the development of SMEs and will guide the finance industry to increase credit and loans to the sector. The government can use the National Small and Medium Enterprises Development Fund to focus investment on national strategies. The Ministry of Industry and Information Technology will continue working with other departments to expand specialised SME listings on regional equity markets including Beijing and Zhejiang. (Source: State Council Website)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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