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Why China must rescue the private economy?

China has been offering an increasing amount of support for private companies, which marks the highest treatment they have ever enjoyed in China's history.

Let's take a look at what benefits have been brought to them so far.

Local governments and financial institutions have established various types of bailout funds with more than 400 billion yuan ready to provide financing to the private sector.

Guo Shuqing, the chairman of the China Banking and Insurance Regulatory Commission (CBIRC), proposed a new plan for banks lending, under which, large banks' and small- and mid-sized banks' new loans to private . . .

 

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