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Finance

China's Big 4 banks boost lending for stricken small businesses

Financing surge threatens to turn sour in prolonged economic slump

Workers manufacture parts for trailers to be exported to the U.S. at a plant in Jiangsu Province, China.   © Reuters

HONG KONG -- China's four largest state-run banks have ramped up lending to small and midsize enterprises whose earnings have deteriorated due to the coronavirus pandemic.

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