Strong support: People walk past PBoC headquarters in Beijing. The central bank reiterates President Xi Jinping’s vows to offer ‘unwavering’ support for the private sector, which has been most affected by the government’s campaign to curb debt and cut shadow banking. — Reuters
Economist says credit assistance is an urgent, national-level policy
FRANKFURT: China’s central bank plans to give 10 billion yuan (US$1.4bil) to China Bond Insurance Co to provide credit support for debt sales by private enterprises, according to people familiar with the situation.
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