The two credit measures have already benefited more than 3.1 million small businesses and reduced financial burdens by 200 billion yuan (US$30.6 billion), according to government data. Photo: Reuters
The two credit measures have already benefited more than 3.1 million small businesses and reduced financial burdens by 200 billion yuan (US$30.6 billion), according to government data. Photo: Reuters

China extends loan help for coronavirus-hit small businesses in bid to maintain economic recovery

  • Small businesses will be allowed to further postpone their principal and interest repayments on inclusive loans past the previous deadline of the end of March
  • China’s State Council also extended the inclusive credit loan support programme from the end of 2020

The two credit measures have already benefited more than 3.1 million small businesses and reduced financial burdens by 200 billion yuan (US$30.6 billion), according to government data. Photo: Reuters
The two credit measures have already benefited more than 3.1 million small businesses and reduced financial burdens by 200 billion yuan (US$30.6 billion), according to government data. Photo: Reuters
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