These companies should have a prominent position in an industry,
have good credit and play a leading role in promoting the
"high-quality" development of the real economy, the statement
said.
The National Development and Reform Commission (NDRC), the state
planner, said it would also guide companies to use the foreign
debt to facilitate the implementation of major national
strategies and build the country's modern industrial system.
China on Sunday unveiled a policy document following a key
meeting of the Communist Party, known as a plenum.
The plenum reasserted China's quest for "new productive forces",
a term President Xi Jinping coined last year that envisions
scientific research and technological upgrades of the country's
sprawling industrial complex.
"Provincial level development and reform departments can provide
services based on the local situation, actively support and
guide high-quality enterprises in the region to stabilize their
development expectations, enhance growth confidence and
reasonably carry out the medium- and long-term foreign debt
financing," the NDRC statement said.
(Reporting by Ellen Zhang and Kevin Yao; Editing by Jacqueline
Wong)
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