China will extend support to firms that form the backbone of its economy, with the latest financial measures viewed as a move to boost refinancing which “will become increasingly important in the future”.Premier Li Keqiang laid out how Beijing will adopt a market-based approach to increasing financial support for micro, small, and medium-sized enterprises (MSMEs) during Wednesday’s State Council meeting.“The MSMEs and the self-employed are facing great difficulties. In the first half of next…
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