Top official: Guizhou acts on finance problems of companies

Wang Jiaqiang, deputy director of Guizhou Provincial Department of Industry and Information Technology, was interviewed on Dec 22 by a local news outlet in Guizhou province.

Wang highlighted the government's unremitting efforts towards alleviating the funding issues of various enterprises and said that a 7-billion-yuan ($1.1 billion) special fund for industrialization and a 2-billion financial guarantee company for industrial sectors had been established.

The government had also launched preferential loan programs for small and medium-sized enterprises, as well as restructured a green development fund for provincial and State-owned enterprises.

He said that through those combined efforts, Guizhou has recorded an increase of 20.7 percent in industrial investment since the beginning of this year, which has in turn boosted the industrialization process.