New research from China International Capital Corporation (CICC) found that the cost of borrowing for small private companies can be more than double that of large companies, including state-owned enterprises, with the problem particularly acute in China’s north-easterly rust belt. Photo: Bloomberg

China still has more to do to help US trade war-hit private sector, says Chinese investment bank

  • China International Capital Corporation said fundraising issues were exacerbated by the country’s debt mountain and Beijing’s deleveraging campaign
  • Results based on research trips to a variety of Chinese cities, including Shenyang, Dalian and Changzhou, and the export-oriented southern province of Guangdong
Topic |   China economy

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New research from China International Capital Corporation (CICC) found that the cost of borrowing for small private companies can be more than double that of large companies, including state-owned enterprises, with the problem particularly acute in China’s north-easterly rust belt. Photo: Bloomberg
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