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China’s small business lending push could equal US$418 billion in new loans, S&P Global says

Beijing’s efforts to boost the availability of capital to the country’s smallest businesses could generate as much as 2.8 trillion yuan (US$418 billion) in new loans if the nation’s banks meet the government’s target to increase business lending this year, according to S&P Global.In March, Chinese Premier Li Keqiang called for the country’s biggest state-owned commercial banks to increase their loans to micro and small enterprises (MSE) by more than 30 per cent this year as China’s economic… Source link

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Vietnam 

Dung Quất wants equal incentives to Nghi Sơn Refinery – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The central province of Quảng Ngãi urged the Government to provide policy incentives for Dung Quất Refinery equal to those enjoyed by Nghi Sơn Refinery to ensure fair competition. In a proposal sent to the Government, Chairman of Quảng Ngãi Province People’s Committee Trần Ngọc Căng said the petrol and oil market was witnessing a supply surplus after Nghi Sơn Refinery went into operation and started selling its products in May. As of September, Nghi Sơn Refinery had pumped nearly one…

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