Ministry Of Commerce Meng: The Government Will Announce Subsidies For Textile Enterprises

During his meeting with the delegation of Meng Garment manufacturers and Exporters Association, Meng commerce minister said that the government will announce financial subsidy measures in the next few days to help enterprises hit by the financial crisis, but he did not mention the specific form of subsidies. At the same time, he said the government was considering setting up a four year (2009-2013) import and export policy.

Facing the strong demand that the government could provide protection measures as soon as possible, the 27 special committee of Mencius held the first meeting in March 24th to discuss the impact of economic recession on Mencius, but it did not mention the announcement of subsidies after the meeting.

Editor in chief: Xu Qiyun