Beijing govt unveils measures to cope with financial crisis

The Beijing municipal government yesterday introduced 66 measures covering major industries, ranging from the automobile to pharmaceutical sectors, in the latest effort to help the city cope with the global financial crisis.

"The capital will complete the restructuring of five enterprises to foster super-large enterprises and groups with annual sales valued at 100 billion yuan ($14.6 billion) and above," Chang Qing, deputy chief of Beijing municipal industrial promotion bureau, told a press conference.

The measures also include broadening finance channels and intensifying support for export-oriented as well as environment-friendly products, Chang said.