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China reiterates financial support for small firms

Updated: Aug 22,2018 9:29 PM     Xinhua

BEIJING — China will make more effort to tackle the financing difficulties of small and micro-businesses as part of a broader campaign to bolster the real economy.

An executive meeting of the State Council chaired by Premier Li Keqiang on Aug 22 called for effective implementation of government policies designed to facilitate easier and less costly capital-raising for small and micro-sized firms, eyeing a supportive financial sector to help ensure stable employment and strong business activity.

“China will maintain a prudent monetary policy, rather than resort to a deluge of strong stimulus policies,” according to a statement released after the meeting.

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