Global Trade Alert
Global Trade Alert

China (Fujian Province): Special CNY 5 billion rescue fund for provincial textile, footwear and clothing industries

Announcement

21 Oct 2022

In October 2022, the Fujian Provincial Department of Finance announced the launch of a CNY 5 billion rescue fund to support the province's textile, footwear and clothing industries "to relieve the temporary liquidity difficulties". 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

21 Oct 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 21 October 2022, the Fujian Provincial Department of Finance announced the launch of a CNY 5 billion (USD 690 million) rescue fund to support the province's textile, footwear and clothing industrie...

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