China to boost loan support for sci-tech innovation

BEIJING, Nov. 25 (Xinhua) -- Chinese authorities have urged greater loan support to bolster sci-tech innovation and technological transformation, according to a conference on Monday.

The conference was held by the People's Bank of China and other government departments.

As of Nov. 15, banks have signed loan contracts totaling nearly 400 billion yuan (about 55.62 billion U.S. dollars) with 1,737 enterprise