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Secured loans boost enterprise development in Baotou

Baotou Rare Earth High-Tech Industrial Development Zone in Baotou, North China's Inner Mongolia autonomous region has been backing the development of small and micro enterprises by issuing start-up guaranteed loans, reports Baotou Daily.

To date, the development zone has issued 23.45 million yuan ($3.64 million) in guaranteed loans for entrepreneurship to 39 entrepreneurs and seven small and micro enterprises.

In recent years, the development zone has continued to increase support for key groups and small and micro enterprises by streamlining application procedures, providing one-on-one, door-to-door services and other measures.

The zone has set up employment service teams to promote the latest employment policies in communities including Xingnan community and Youyi community.

Also, the development zone has hosted training sessions for companies, including Shuangliang Group and Baotou Jinshan Magnetic Materials Co, to explain guaranteed loan related policies.


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