At the start of the decade, there was a boom in private lending. More recently, the Chinese authorities have closed regulatory loopholes and cracked down on it. Photo: Reuters
SCMP Editorial
Opinion

Opinion

SCMP Editorial

China’s private sector needs reform of state lenders

  • Businesses may have modernised the economy, but they now face a perfect storm amid the US trade war and President Xi Jinping has reached out to them

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At the start of the decade, there was a boom in private lending. More recently, the Chinese authorities have closed regulatory loopholes and cracked down on it. Photo: Reuters
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