China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua
China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua

Hours after US President Donald Trump tweets tariff threat China frees up US$41.5 billion for small firm loans

  • People’s Bank of China says reserve requirement for some rural lenders will be cut to 8 per cent from next week as part of ongoing plan to support small businesses
  • PBOC also pumps US$20 billion into banking system but makes no mention of US president’s Sunday night tweet

China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua
China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua
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