The People’s Bank of China on Wednesday announced a new liquidity mechanism designed to make more money available for small businesses and private firms. Photo: AP

China offers low-cost loans to banks to help fund small businesses, shore up economy

  • Central bank introduces new lending facility to boost liquidity ahead of interest rate increase in the United States
  • The People’s Bank of China also extends banks’ credit line by US$14.5 billion
Topic |   China economy

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The People’s Bank of China on Wednesday announced a new liquidity mechanism designed to make more money available for small businesses and private firms. Photo: AP
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