China will step up financial support on logistics and transport sectors

China will step up financial support on logistics and transport sectors
FILE PHOTO: Vehicles are stuck in heavy traffic at the Third Ring Road in Beijing, July 27, 2012. REUTERS/Jason Lee

BEIJING : 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.

 

 

Source: Reuters