China will step up policy support for foreign trade and foreign investment
South Asia
12 August, 2020, 06:15 pm
Last modified: 12 August, 2020, 06:18 pm
The government will provide financial support for key foreign-funded firms and expand export credit to smaller foreign trade companies, the cabinet said in a statement on its website
A woman holding an umbrella rides a shared bicycle past an image of the Chinese flag after the lockdown was lifted in Wuhan, the capital of Hubei province and China's epicentre of the novel coronavirus disease (Covid-19) outbreak, April 10, 2020. REUTERS/Aly Song
China will step up policy support for foreign trade and foreign investment amid the worldwide spread of the novel coronavirus and a slump in the global economy, the cabinet said on Wednesday.
The government will provide financial support for key foreign-funded firms and expand export credit to smaller foreign trade companies, the cabinet said in a statement on its website.
It will also encourage foreign firms to set up research and development centres in China, it said.
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