China vows to step up financial support for key industrial sectors
The guidelines, jointly issued by seven government agencies including the central bank and the finance ministry, said they were aimed at advancing industrial upgrade and preventing excessive competition.
The guidelines also call on financial institutions to provide financial solution plans for companies severely affected by external factors and pledge support for mining companies to stabilise supply and prices of commodities.
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You can find ROI on the Reuters website, opens new tab, and you can follow us on LinkedIn, opens new tab and X., opens new tab Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias.
