China will step up financial support for technology innovation, state media reports

Chinese President Xi Jinping delivers a speech at a meeting commending role models of the Beijing 2022 Olympic and Paralympic Winter Games, at the Great Hall of the People in Beijing, China April 8, 2022. REUTERS/Florence Lo
BEIJING, April 19 (Reuters) – China will step up financial support for technology innovation and ensure the security and stability of its supply chains, State TV reported on Tuesday, citing a top government meeting chaired by President Xi Jinping.
The government would also step up fiscal support for less-developed and border areas, while keeping a lid on hidden local government debt, China Central Television said.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
Subscribe to our newsletter to get all the news you need to start your day.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved