Jan 10, 2019 05:03 AM

China’s New Lending for Small Firms to Start This Month

Yi Gang. Photo: VCG
Yi Gang. Photo: VCG

* Yi said measures have provided ample mid- to long-term liquidity, which has been effectively transmitted to the real economy

* China is trying to balance funneling more cash to the economy without hampering its structural deleveraging campaign

China’s central bank will step up support for the economy by lending money to banks under a new policy tool starting in late January, People’s Bank of China Governor Yi Gang said in an interview with Xinhua News Agency and other state media published Wednesday.

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