China’s Entrepreneurs Are Left High and Dry Despite a Flood of Credit

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Credit easing in China has freed up hundreds of billions of dollars but banks are reluctant to lend to struggling private companies, leaving Chinese entrepreneurs high and dry

China’s government is taking other measures to stimulate economic expansion, including tax cuts and selective spending on infrastructure.

Yet this stimulus is likely to be less effective than before, given a much larger economy and years of rapid debt growth—making central bank action more important.

 

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