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

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

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

In yet another sign that its economic strategy is focused on the long game, Beijing has vowed to provide 300 billion yuan (US$46.4 billion) in new loans to the nation’s small and self-employed businesses – many of which are in desperate need of help.Rather than going all-out with loose fiscal stimulus measures, this move reinforces the central government’s “structural” and piecemeal support for specific and essential parts of China’s economy as it heads into what economists say is a likely…

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By | 2021-09-02T11:17:54+00:00 September 2nd, 2021|Business|Comments Off on China vows ‘protection’ of small businesses, with US$46 billion worth of new loans on tap