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Bloomberg - Risk of Liquidity Crisis for Private Firms Rises in China

Bloomberg - Risk of Liquidity Crisis for Private Firms Rises in China

  • TV-G
  • 2019
  • 2mins
Aug.22 -- China’s high-profile campaign to funnel more credit to private companies has stalled according to a number of private surveys and reports adding to concerns over the nation’s decelerating growth. The credit confidence of small and medium enterprises began to tumble in April and is now below its level in October when President Xi Jinping proclaimed his “unwavering support” for private companies according to a Standard Chartered Bank Plc survey. Bloomberg's Selina Wang has the story.