Photo: CFP

Market Relief Package for Zhejiang Companies
China's Zhejiang provincial and local governments have initiated "relief package" to help local enterprises hard pressed by declining exports, appreciating yuan, rising raw material prices and tight monetary policy. The package includes taxation, financial, and administrative preferential policies. In addition, the Zhejiang bureau of China Banking Regulatory Commission has also agreed to provide 7 billion yuan worth of loans in support of local enterprises.