HONG KONG: China ramped up financial support for small businesses and pledged better use of local government bonds as the economy showed further signs of a slowdown because of tight property controls and fresh virus outbreaks. The People’s Bank of China will provide 300 billion yuan( US$ 46. 4bil or RM193bil) of low-cost funding to banks so they can lend to small and medium-sized companies, according to a statement released after a Wednesday meeting of the State Council, China’s equivalent of a
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2021-09-03 00:00:00.0