Pingnan rolls out policies for firms

( chinadaily.com.cn )

Updated: 2015-11-20

Pingnan introduced policies to support local businesses recently, according to the Minstry of Finance.

Pingnan has taken innovative steps to develop cooperation between the government, banks and companies.

The county’s financial sector will provide emergency funding to industrial and trade enterprises for loan repayment, with the cap set at 10 million yuan ($1.57 million) each.

The local government has also strengthened interaction with businesses. Newly designated staff will connect with enterprises frequently to extricate them from difficult positions.

Finally, the county has turned to the Internet. It is encouraging firms to establish online distribution channels to make sure the substantial economy and Internet economy develop coordinately.