China will encourage financial institutions to boost loans to smaller firms and aims for better planning of winter gas supplies to prioritise residential users and highly polluted areas, the cabinet said on Wednesday.
At a meeting chaired by Premier Li Keqiang, the State Council discussed measures to assist smaller companies facing financing difficulties and said China would maintain prudent monetary policy without resorting to strong policy stimulus, according to a state radio broadcast and a summary of the meeting posted on the government's website.
The comments echoed those made by a central bank official on Tuesday that China would keep liquidity reasonably ample and offer more help to companies having trouble obtaining financing.
The State Council also called for construction of natural gas infrastructure, such as pipelines, storage and receiving stations, to be stepped up to ensure a steady balance between demand and supply, and urged greater efforts in domestic gas exploration and production.