China's central bank warns on one-sided credit expansion, prioritizing quality, loan revitalization, innovation, green manufacturing, and small firms.
China's central bank warns against "one-sided" pursuit of credit expansion due to a slowdown in bank lending and low credit growth. It plans to prioritize credit quality, revitalise existing loans, and focus on technology innovation, green manufacturing, and small firms. The bank aims to shift from high-speed growth to high-quality development, emphasizing balance and efficiency in credit allocation.
April 18, 2024
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