News Snapshot:
The Chinese economy saw stable growth in the effective capital supply in the first half of the year More loans went to SMEs and manufacturing. New manufacturing loans amounted to 3.3 trillion yuan, 1.6 trillion yuan more than a year ago. According to an official with the China Banking and Insurance Regulatory Commission, in the first half of 2022, as banks strengthened credit support, the effective capital supply in China’s real economy saw steady growth. An increase of 919.2 billion yuan from a year ago. The comprehensive loan balance for micro enterprises and SMEs reached 21.77 trillion yuan at the...
