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PBOC Pledges Support For Logistics Industry

CHINA PRESS

Banks are encouraged to adjust down payment ratios, interest rates, and their tolerance of non-performing loans to support the logistics industry during the economic recovery, according to a circular posted on the PBOC website. The Securities Daily mentioned the logistics industry is the lifeblood of the economy, and the measures will allow the sector to improve operational efficiency and reduce transport costs. The central bank said it would encourage logistics firms to issue corporate credit bonds and reduce financing costs.

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

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