China strengthens financial support for small, micro businesses
Contributed by NAMPA / Xinhua.
BEIJING, March 16 (Xinhua) -- China has made solid progress in alleviating the financing problems of small and micro firms, a senior official said Friday.
Outstanding loans to such businesses amounted to 33.49 trillion yuan (about 5 trillion U.S. dollars) by the end of 2018, accounting for 23.81 percent of the total outstanding loans, Zhu Shumin, vice chairman of the China Banking Regulatory Commission, said in a statement.
In particular, outstanding inclusive loans to small and micro firms reac ...