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China to boost manufacturing R&D, extend loan support for SMEs

Abstract : China will continue to implement measures for boosting manufacturing companies' research and development (R&D), and extend loan support for small and medium-sized enterprises (SMEs), according to a State Council Executive Meeting.

BEIJING, March 24 (Xinhua) — China will continue to implement measures for boosting manufacturing companies’ research and development (R&D), and extend loan support for small and medium-sized enterprises (SMEs), according to a State Council Executive Meeting.

The country will continue to improve the deductible share of manufacturing firms’ R&D expenditure, and encourage innovation and industrial upgrading, said the meeting chaired by Premier Li Keqiang on Wednesday.

The meeting also decided to extend the preferential policies of loan repayment deferral and credit support for SMEs to the end of this year. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to boost manufacturing R&D, extend loan support for SMEs

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