PBOC Unveils $60 Billion Plan to Aid Small Business Credit
Pedestrians wearing protective masks walk past the People’s Bank of China (PBOC) building in Beijing, China. (Photographer: Qilai Shen/Bloomberg)

PBOC Unveils $60 Billion Plan to Aid Small Business Credit

(Bloomberg) -- China’s central bank said it will temporarily purchase loans made to small businesses from some local banks, a new policy to boost the supply of lending to the real economy.
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