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

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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