China’s monetary authorities to keep bank credits on tap to help companies survive the business slump caused by the coronavirus outbreak

China’s central bank and financial regulators have offered additional funds to banks, prodding them to help manufacturers and businesses pull through an economy that is being hobbled by the twin burdens of a trade war and the nation’s worst health crisis in nearly two decades.The bank regulator will ensure that small and medium enterprises (SMEs) get access to the 537 billion yuan (US$77 billion) of credit lined up to help them pull through the business slump caused by the coronavirus outbreak,…

Leave a Reply