BEIJING (Bloomberg): China will extend financial relief measures for small and micro businesses, the Ministry of Finance said in a statement.
Provinces and regions will be encouraged to lower loan guarantee costs for these enterprises, including by cutting the guarantee rate to 1.5% or below, the ministry said in the statement posted on its website on Saturday (May 8).
The extension will run from this year to 2023, it said, extending the previous plan that was in place from 2018 until 2020.
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