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Coronavirus: China probes ways to ramp up bank lending to cash-strapped small businesses

Summary:
[unable to retrieve full-text content]China’s government is asking small and medium-sized enterprises about the difficulties they are encountering when trying to take out a loan, as reports emerge of coronavirus-battered businesses struggling to get credit from local banks.A new survey launched on Tuesday by the Ministry of Industry and Information Technology is trying to map the problem, and comes as a growing number of small businesses struggle with cash flow problems and complain about banks’ reluctance to lend them money.The…

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[unable to retrieve full-text content]
China’s government is asking small and medium-sized enterprises about the difficulties they are encountering when trying to take out a loan, as reports emerge of coronavirus-battered businesses struggling to get credit from local banks.A new survey launched on Tuesday by the Ministry of Industry and Information Technology is trying to map the problem, and comes as a growing number of small businesses struggle with cash flow problems and complain about banks’ reluctance to lend them money.The…

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