China to beef up financial support for MSMEs

In this undated photo, bank employees inspect a small firm that has received a loan in Hai'an, Jiangsu province. China. - China Daily

BEIJING (Xinhua): China will adopt market-based measures to double down on financial support for micro, small, and medium enterprises (MSMEs) to support market players and cushion the new downward economic pressure, the State Council decided on Wednesday (Dec 15).

A State Council executive meeting noted the importance of acting on the guiding principles adopted at the Central Economic Work Conference, put economic development front and centre, prioritise stable performance while pursuing progress, maintain stability on the six priority fronts and provide protections in the six key areas.