China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg
China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg

China vows ‘protection’ of small businesses, with US$46 billion worth of new loans on tap

  • China is again granting financial institutions billions in cheap capital to be loaned out – a strategy employed last year when 1.8 trillion yuan worth of such ‘relending funds’ were offered
  • Move is in line with Beijing’s ‘cross-cyclical’ economic policy offering support for essential parts of the economy rather than massive stimulus

Topic |   China economy
China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg
China’s small businesses have seen their revenues recover very slowly and are particularly susceptible to rising production costs and bad debt. Photo: Bloomberg
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