China soon to issue guidelines on financial support to shipbuilders' upgrade
BEIJING, Jan.27 (Xinhua) -- China is expected to release a set of guidelines that will urge the financial industry to support shipbuilders restructure themselves, Chinese leading ship industry portal eworldship.com reported on Tuesday.
The report said China's State Council, the cabinet, has given final approval to the guidelines which were mainly formulated by the People's Bank of China, the central bank.
Under the guidelines, eligible shipbuilders will receive bigger financial support. Industry insiders said after the release of the guidelines, more detailed policies were expected to be announced. (Edited by Ding Lei, email@example.com)