China to extend credit support to small businesses to consolidate economic recovery

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China will extend two policy tools designed to provide credit support to small and micro-sized companies next year, as it tries to consolidate its economic recovery and counter external challenges.

China will continue with the policy which allows small and micro-sized businesses to postpone principal and interest repayments on inclusive loans in the first quarter of next year, and will extend the policy period appropriately, according to a State Council meeting chaired by Premier Li Keqiang.

The country will also extend the credit loan support tool to help small businesses stabilize their operations . . .

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