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China Will Increase Credit Supply to Poverty-stricken Provinces: Securities Times

CHINA PRESS
MNI (Sydney)

China will inject more credit into less developed provinces to balance uneven growth and prevent worsening risks of regional financial crises, the Securities Times said citing a PBOC online forum. China will boost funding to key sectors including small enterprises, low-carbon industries, and high-tech manufacturing while limiting mortgage lending, the newspaper said. The central bank urges closer collaboration among financial institutions, regulators and local governments, the Times report said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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