Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China extends more inclusive loans to small businesses !

China extends more inclusive loans to small businesses

Time:2024-05-07 18:53:55 source:Worldly Watch news portal
BEIJING, May 2 (Xinhua) -- China extended more inclusive loans to small and micro enterprises in the first quarter of 2024, aiming to facilitate their business, according to data from the central bank. By the end of March, outstanding inclusive loans granted to small and micro enterprises totaled 33.41 trillion yuan (about 4.7 trillion U.S. dollars), up 20.3 percent from a year earlier, the People's Bank of China said. Outstanding loans provided to rural households for production and operations increased 17.1 percent year on year to 9.95 trillion yuan, and outstanding loans to startups rose 0.2 percent year on year to 293.5 billion yuan. The outstanding balance of student loans increased 22.5 percent year on year to 212.9 billion yuan, and outstanding loans to people lifted out of poverty increased 11 percent year on year to 1.2 trillion yuan, according to the data. 

(Editor:Wang Su)

Related information
  • Danish King Frederik and his Australian
  • How do private enterprises tackle challenges with innovation?
  • Royals' Alec Marsh hit on throwing arm by line drive, leaves in 5th against Blue Jays
  • County in rural New Mexico extends agreement with ICE for immigrant detention amid criticism
  • An inquiry into a building fire in South Africa that killed 76 finds city authorities responsible
  • The surprising foods that cause foul
  • Biden promises quick provision of additional arms to Ukraine in call with Zelensky
  • Megan Fox shows off flawless face in glamorous selfies after sharing THAT unrecognizable makeup
Recommended content
  • Georgia's attorney general says Savannah overstepped in outlawing guns in unlocked cars
  • Mead hits 1st homer of the season and Rays beat Tigers 7
  • Dansby Swanson homers as the short
  • Connor Wong homers twice, Rafael Devers connects for solo shot as Red Sox hammer Guardians 8
  • Trump's strategist push AI to help conservatives, all you need to know
  • South Carolina Senate approves $15.4B budget after debate on bathrooms and conference switching