China says to support firms to resume production as soon as possible

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says to support firms to resume production as soon as possible

BEIJING (Reuters) – China will help companies resume production as soon as possible, the vice governor of the said on Saturday.

The world’s second-biggest economy has been hit by a fast-spreading epidemic that has killed more than 1,500 people.

Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, told a news conference China would accelerate lending and credit support for key projects, while supporting small and private firms hit by the virus outbreak.

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Separately, Xuan Changneng, vice head of the country’s foreign exchange regulator, told the briefing China was expected to maintain a small current account surplus and keep a basic balance in international payments.

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Source: Investing.com

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