SHANGHAI -- China and its regional governments have created funds to help state-owned companies guard against defaults, readying 210 billion yuan ($32.5 billion) to alleviate financing constraints.
Tianjin established a 20 billion yuan fund in June, saying it aims to raise the market's confidence in the city's state-owned enterprises. The Guangxi Zhuang Autonomous Region invited experts to a meeting in April to discuss setting up a similar fund.
