China will step up financial support on logistics and transport sectors

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, Feb 16 (Reuters) - China will provide financial support to logistics and transport sectors, including strengthening capital support on logistics and transport infrastructure and major projects, according to a jointly notice issued by the central bank, banking regulator and transport ministry on Thursday. Small and medium-sized enterprises, individual businesses and truck drivers in these sectors can apply for loan or rental extensions, according to the notice. Eligible small and medium-sized enterprises, and individual businesses can continue to take out loans, said the notice. (Reporting by Liangping Gao and Ryan Woo; Editing by Raissa Kasolowsky)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.