A concept car developed by FAW Group which has just been extended a 1 trillion yuan (US$145 billion) line of credit by Chinese banks. Photo: Reuters

China’s state-owned car maker gets a huge lifeline but what about private firms?

  • Struggling rust-belt will benefit but the US$145 billion line of credit has raised questions about Beijing’s commitment to the private sector
  • Analysts say the government needs to boost both sides of the economy at the same time
Topic |   China economy

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A concept car developed by FAW Group which has just been extended a 1 trillion yuan (US$145 billion) line of credit by Chinese banks. Photo: Reuters
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