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China state planner says will step up credit support to private firms

BEIJING (Reuters) - China will step up credit support to private firms and guide them to expand internationally, according to a notice posted on the website of the National Development and Reform Commission, China’s state planner.

Market access for private firms will be widened and direct financing channels for the private sector are to be expanded, said the notice. Production and operating costs for firms will be lowered, it said.

Private firms will be guided to focus on core technologies, it said.

Reporting by Gabriel Crossley and Beijing newsroom

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