A vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: ImaginechinaA vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: Imaginechina
A vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: Imaginechina
Xu Hu
Opinion

Opinion

The View by Xu Hu

How China can ensure critical aid gets to the small firms that are the lifeblood of its economy

  • To encourage banks to lend to micro, small and medium-sized enterprises, Beijing can back the loans and ease tolerance for bad debt. It can also borrow from the US playbook by enlisting big data and AI in targeting relief distribution

Xu Hu
Xu Hu

Updated: 3:44am, 3 Aug, 2020

Why you can trust SCMP
A vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: ImaginechinaA vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: Imaginechina
A vendor at Xisi Night Market, in Henan’s Kaifeng city, on June 1. China’s small businesses are a vital engine of economic growth, and they are faltering. Photo: Imaginechina
READ FULL ARTICLE