China should enhance its global supply chain advantages, despite some inevitable production relocations, and promulgate new financial measures to strengthen the competitive advantages of small companies, officials and experts said.
China should enhance its global supply chain advantages, despite some inevitable production relocations, and promulgate new financial measures to strengthen the competitive advantages of small companies, officials and experts said.
The nation will improve supply chain finance regulations and factor the changes in industrial organizations, while effectively supporting the development of enterprises in supply chains, a senior official of the People s Bank of China, the central bank, said at a forum over the weekend.
Wang Xin, head of the PBOC research bureau, said the central bank will improve the supply chain bill platform and promote the nation s unified registration and publicity of warranty of title, so as to effectively broaden the financing channels for small and medium-sized enterprises and ensure more capital can flow into the real economy. A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else