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
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China economy
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