Shanghai Says To Allocate $4.35B To Ease SME Financing Challenges, Boost Private Sector

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The local government of China’s biggest city and financial hub Shanghai is earmarking RMB30 billion (US$4.35 billion) in funding to boost the development of private companies amid the country’s current slowing economy, according to a statement released on the government’s official website on November 3.

China Money Network

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