Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters
China’s small business lending push could equal US$418 billion in new loans, S&P Global says
- Lending push could lead to higher credit costs and weaker asset quality, but the affect on credit quality is limited
- Loans to micro and small businesses in China totalled about 9.36 trillion yuan at the end of 2018
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Central Banks
Medium-sized enterprises, as well as micro and small businesses, account for about 60 per cent of China’s gross domestic product, according to S&P. Photo: Reuters