China to introduce strong financial measures to help smaller firms overcome difficulties

Chinese President Xi Jinping (centre) and Premier Li Keqiang (second from right) singing the national anthem during the opening session of the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing. China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized enterprises, as part of effort to help them overcome temporary difficulties. - AFP

BEIJING: China will roll out a set of strong financial policies, including encouraging financial institutions to provisionally defer loan payments and increasing lending at concessional rates for micro-, small- and medium-sized enterprises, as part of effort to help them overcome temporary difficulties.

These decisions were made on Tuesday (Feb 25) at the State Council's executive meeting chaired by Premier Li Keqiang.