China's credit push to small firms falters....>

CHINA: China's credit push to small firms falters in factory heartland (RTRS)

- China's campaign to boost loans to small firms was supposed to support the

economy during its biggest slowdown in decades, but banks' reluctance to lend

has left exporters and manufacturers in its southern industrial belt struggling

to pay the bills.

- Despite prodding from Beijing, several bankers have told Reuters they have

little appetite to lend to smaller companies due to the uncertain economic

outlook, the U.S.-China trade war and a years-long drive to purge risks from the

financial system.

- That has chilled credit flows to private sector firms, undermining stimulus

measures that were designed to cushion the impact of slowing demand.

- Link: https://tinyurl.com/yyuh28al