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China adds 300 billion yuan relending to small companies, calls for local government bonds play more role in driving investment

China will step up relief measures for market players, especially small companies and individual businesses, and ensure cross-cyclical adjustments, Chinese Premier Li Keqiang said at a State Council meeting on Wednesday.

The relending quota for small businesses will be increased by another 300 billion yuan ($46.40 billion) this year and local banks will be supported to step up lending to micro and small companies and self-employed individuals, Li said.

The approach was . . .

 

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