Basic, an authorities subsidy from 3 billion renminbi will be taken care of all ten,one hundred thousand machines disposed

To be sure the race of its design so you can throw away 10 mil fabric computers, the newest Zhu Rongji closet accompanied the following reform strategies.

3rd, banks could use crappy personal debt reserves amounting so you’re able to 10 mil renminbi so you’re able to throw away low-performing finance in accordance with big instances of restructuring strategies regarding the fabric community.

Next, assistance could be delivered to the fresh expansion of exports away from textile products. Continue Reading