October 18, 2018 / 9:31 AM / a month ago

China regional banking regulator vows financial support to struggling foreign trade firms

BEIJING, Oct 18 (Reuters) - The provincial branch of China’s banking regulator in southern Guangdong province said in a statement on Thursday that it would prioritize financial support for “high-quality” foreign trade companies facing temporary difficulties.

Guangdong is one of China’s main export hubs but challenges for its thousands of factories have been increasing amid an escalating trade war with the United States.

Reporting by Beijing Monitoring Desk; Editing by Amrutha Gayathri

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