Economy > Macro

China vows more support for private sector

2019-01-22 17:03

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China will allow more private firms to issue bonds, the country’s top economic planning agency National Development and Reform Commission (NDRC) said at a regular briefing on Tuesday
The move is seen as part of efforts to step up financial support for the country’s private sector which has been hard hit by a slowing economy and trade tensions.
The NDRC also said that the government encourages banks to offer medium and long-term loans to private firms, which, to some degree, will ease their funding difficulties.
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