Date
23 November 2017

Forex reserves eyed to help equipment exporters, paper says

China is considering using its foreign exchange reserves to help finance exporters of large equipment, the China Securities Journal reported Friday, citing the commerce ministry. The assistance will help equipment manufacturers expand globally and promote the internationalization of Chinese standards, according to the ministry. The government also plans to roll out measures to upgrade processing trade, with a pilot scheme to be implemented in Suzhou, Dongguan and the Pearl River Delta, the report said.

– Contact HKEJ at [email protected]

KZ/MY/CG

 

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