Stopping credit supporting for ten industries


Updated Fri, 02 Jul 2004 00:00:00 GMT

Chinese reform committee instituted ‘catalog of low level projects’, in this catalog, ten industries are listed to be banned and be restrained. 
According to the policy, to the industries, which are listed to be banned and be restrained, each financial organization should stop its credit supporting. Those industries are steel industry, color metals industry, building material industry, petroleum and chemical industry, and mechanical industry, spinning industry, medical industry etc.

Relative person said that this policy aims at those enterprises, which depend on financial organization; it impacts joint-stock company and listed company little.