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
Opinion
Opinion
The View
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
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