A security guard covers his mouth as he yawns while standing guard outside the headquarters of the Bank of China in the financial district of Beijing - Reuters file pic
BEIJING: China will allow a higher bad-loan ratio on some debt to smaller companies, authorities’ latest step to support struggling sections of the economy.
The ratio for credit lines of less than 10 million yuan (US$1.5mil) can be three percentage points higher than for overall loansKey insights:
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