40 b yuan restructuring package set

The Guangdong provincial government is set to announce a 40 billion yuan package to assist small and medium-sized enterprises (SMEs) in restructuring.

Wang Yang, Party secretary of Guangdong, made the remarks when meeting with more than a dozen Hong Kong media chiefs visiting the provincial capital Guangzhou in late July.

The government will encourage the SMEs to move their businesses to the less developed eastern, western and northern parts of Guangdong, he said.