China Rolls Out Financial Support Package for Key Inland Trade Corridor
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China has unveiled a sweeping financial policy package aimed at accelerating development of the New International Land-Sea Trade Corridor, a strategic logistics artery intended to link the country’s western hinterland with global markets.
The People’s Bank of China, together with seven other government agencies, on Wednesday issued guidelines outlining 21 measures to improve financing and settlement services along the route.
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- China introduced 21 financial measures to boost the New International Land-Sea Trade Corridor, supporting infrastructure funding, cross-border settlement, and yuan internationalization.
- Key policies include a dedicated Chongqing fund, digitized logistics documentation for finance, debt-for-equity swaps, and expanded digital yuan pilots.
- The corridor now spans 18 provincial regions and 74 cities, aiming to strengthen supply chains, integrating with the Belt and Road and the Yangtze River Economic Belt.
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