China Nudges Banks to Help Small Businesses

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The People’s Bank of China is allocating $56.1 billion to buy slices of unsecured loans made by regional lenders to small and micro enterprises

China’s central bank has allocated 400 billion yuan to buy slices of unsecured loans made by regional lenders to small and micro enterprises.

 

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No doubt....

Nudges is not the word ! Threatening them is the correct one

China is world's most humane super power,,and the way it has supported its public,no democracy in the world has been Able to do that in COVID-19

chinesevirus

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