BEIJING: China is mulling raising the foreign debt ceiling for high-technology enterprises while expanding the reach of policies that facilitate corporate foreign exchange management, as part of the country's all-round efforts to enhance financial support for private enterprises, said the State Administration of Foreign Exchange (SAFE).
Executives and experts said the moves will support private, tech-oriented enterprises to obtain more overseas financing and help private sector exporters save on costs and enhance efficiency, thus sharpening their international competitiveness while offsetting US investment and trade barriers.
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