A 100 yuan banknote is placed into a basket at a food exhibition in Shanghai. As the Chinese economy weakens, the central bank is offering banks a carrot to extend more credit to small and medium-sized enterprises. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

How the People’s Bank of China is changing direction and going all out to save the private sector

  • Hao Zhou says the Chinese central bank’s new policy tools are clearly meant to encourage banks to extend credit to small businesses. It is a striking change in policy direction, after years of focusing on state-owned enterprises

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A 100 yuan banknote is placed into a basket at a food exhibition in Shanghai. As the Chinese economy weakens, the central bank is offering banks a carrot to extend more credit to small and medium-sized enterprises. Photo: Bloomberg
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