(0704 CR M04)SMALL FIRMS FINANCING CALL
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- The Video News Portal
(0704 CR M04)SMALL FIRMS FINANCING CALL
From Xinhua News Agency: (0704 CR M04)SMALL FIRMS FINANCING CALL DATELINE: July 4, 2011 LENGTH: 00:01:16 VO Chinese Vice Premier Wang Qishan has urged the country's lenders to increase financing to small business to ease their difficulties in fundraising amid a current tightening monetary policy. Wang made the call during a two-day inspection tour in Shijiazhuang, capital of northern Hebei Province. He noted that small firms are crucial in creating jobs, restructuring economy and maintaining social stability. He said more efforts should be made to accelerate the development and reforms of the financial industry and further facilitate the financing for small businesses. Since the Chinese government started to tighten its monetary policies to combat stubbornly high inflation, capital-thirsty small businesses have been feeling the pinch with declined supplies of funding. Wang said complicated domestic and overseas situation has spurred the reform of financial mechanisms. He outlined the different funct Powered by www.newslook.com
The Video News Portal | July 4, 2011
