The People’s Bank of China is trying to balance competing demands of a debt crackdown and ensuring that banks lend to support growth. Photo: Xinhua

China’s new small business loans echo schemes in Europe and Japan, economists say

  • Targeted Medium-Term Lending Facility announced on Wednesday mirrors moves by the European Central Bank and Bank of Japan
  • Tool introduced by the The People’s Bank of China offers low-cost loans to banks to help fund small businesses aimed at shoring up the slowing economy
Topic |   China economy

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The People’s Bank of China is trying to balance competing demands of a debt crackdown and ensuring that banks lend to support growth. Photo: Xinhua
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