More financing support set for exporters

The country will provide more financing support and other favorable policies to export enterprises to boost foreign trade amid sluggish global demand.

Financial institutions were encouraged to provide loans to export enterprises that have new orders and earn profits, according to an executive meeting of the State Council on Wednesday presided over by Premier Li Keqiang.

More export-credit insurance financing will be provided to exporters, and short-term export credit insurance will be increased for them, a statement released after the meeting said. Meanwhile, export tax rebate rates will be raised for some machinery and electronic products.