China Encourages Some Firms to Tap Foreign Debt to Boost Real Economy

CHINA - BEIJING. China's top economic planner said on Tuesday it will support high-quality companies to borrow medium- and long-term foreign debt, to support the development of the real economy, according to an official statement published online.

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.