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China will step up financial support for technology innovation -state media – Metro US

China will step up financial support for technology innovation -state media

Meeting conferring awards to Beijing 2022 Olympic and Paralympic Winter
Meeting conferring awards to Beijing 2022 Olympic and Paralympic Winter Games role models

BEIJING (Reuters) – China will step up financial support for technology innovation and ensure the security and stability of its supply chains, State TV reported on Tuesday, citing a top government meeting chaired by President Xi Jinping.

The government would also step up fiscal support for less-developed and border areas, while keeping a lid on hidden local government debt, China Central Television said.

(Reporting by Stella Qiu and Ryan Woo, Editing by Louise Heavens)

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