China announces stimulus plans for nonferrous metals,logistics

2009/02/25

BEIJING, Feb. 25 (Xinhua) -- China's State Council announced support plans for the country's nonferrous metals and logistics sectors today.

Presided by Premier Wen Jiabao, cabinet members agreed to promote company restructuring and will offer subsidized loans to support technical innovations within the nonferrous metals sector.

Nine key projects were also decided on as a way to boost the logistics sector, including supplying necessary equipment as well as promoting an industry standard and an information platform.

Beginning last month, China has unveiled stimulus packages for 10 industries. Previous support packages include the auto, steel, shipbuilding, textile, machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.

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