China : Govt encourages enterprises to explore overseas market

The Government has offered special funding support like the loan without interest or direct grants for the Qingdao city textile enterprises who invest in overseas market.

It is reported that in order to implement national policies, encourage and guide textile enterprises, and to carry out various forms of foreign economic and technological cooperation which needs efficiency of funds, the Government has promulgated some measures.

First Municipal Foreign Economic and Trade Bureau and the Municipal Financial Bureau will examine the reports in order to determine the amount of support, the company requires then the City Department of Finance allocated funds accordingly.

These special funds support will be helpful in the construction of textile industrial park, investment or collective investment, the establishment of the marketing networks of textile and apparel and for research and development platforms in overseas.
 
Fibre2fashion news desk - China