China to support leading firms in borrowing long-term foreign debt

BEIJING – China is set to support prominent, creditworthy companies that promote high-quality development within the real economy by allowing them to borrow medium to long-term foreign debt. The National Development and Reform Commission (NDRC) announced this initiative Tuesday as part of the country’s strategy to further open up and enhance cross-border financing facilitation. According … Continue reading China to support leading firms in borrowing long-term foreign debt