More China importers to get subsidised govt loans

Beijing

CHINA plans to give more of its importers subsidised loans as part of wider efforts to shore up the trade sector and support the world's second-largest economy, the Chinese cabinet said on Wednesday after a weekly meeting.

Hurt by anaemic foreign and domestic demand, China's trade sector has undershot the government's target of growing the value of Chinese imports and exports by 6 per cent this year. In fact, imports and exports slumped almost 7 per cent in the first six months.