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Coronavirus: China’s pandemic lifeline for small firms draws lukewarm response from business owners

Summary:
[unable to retrieve full-text content]The Chinese government will offer more financial assistance to small and medium-sized businesses to help ease the economic shock of the coronavirus pandemic, according to its main policy-setting document, released on Friday.Premier Li Keqiang’s 2020 government work report, unveiled at the National People’s Congress in Beijing, included plans to delay loan repayments and interest payments, as well as increasing bank loans.Small and medium-sized enterprises (SMEs) will be entitled to delay loan…

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[unable to retrieve full-text content]
The Chinese government will offer more financial assistance to small and medium-sized businesses to help ease the economic shock of the coronavirus pandemic, according to its main policy-setting document, released on Friday.Premier Li Keqiang’s 2020 government work report, unveiled at the National People’s Congress in Beijing, included plans to delay loan repayments and interest payments, as well as increasing bank loans.Small and medium-sized enterprises (SMEs) will be entitled to delay loan…

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