Beijing: The Chinese government has introduced a special guarantee program totaling 500 billion yuan (approximately 71.42 billion U.S. dollars) aimed at bolstering investment by micro, small, and medium-sized private enterprises. This initiative, unveiled on Tuesday, seeks to provide robust financial support to these businesses.According to Namibia Press Agency, the program will be carried out through the National Financing Guarantee Fund over a span of two years. It is designed to address a variety of financial requirements, encompassing not just medium- and long-term loans but also the financing needs associated with daily operations. This includes essential activities like factory expansion, shop renovations, and the provision of working capital.The program's framework was outlined in a notice jointly released by several key departments, including the Ministry f Finance. This strategic move underscores China's commitment to fostering a supportive environment for private enterprise growth and enhancing the overall economic landscape.