Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 20 (Xinhua) — The Chinese government on Tuesday announced the launch of a 500 billion yuan (about 71.42 billion U.S. dollars) special guarantee program to support investment by micro, small and medium-sized private enterprises.
The program, implemented through the State Financing Guarantee Fund over two years, will cover not only medium- and long-term loans, but also the need to finance production and business activities, including the expansion of factory buildings, renovation of retail outlets, and the circulation of funds for business activities, according to a circular issued by the Ministry of Finance of the People's Republic of China jointly with other central departments. -0-
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