In an attempt to fight the economic crisis by boosting exports, China's ministry of commerce recently launched a campaign known as the “421 project”.
Its goal is to secure $42.1bn of machinery and electronics orders within three months by mobilising the resources of the state, including the deep-pocketed Chinese banks.
This is one in a series of extraordinary measures Beijing has taken to boost its industries, particularly those hardest hit by a slump in trade that has seen demand for exports fall by about a quarter in the first five months from the same period a year earlier.
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