ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Amid 'uneven' recovery, China's central bank urges more lending

Government signals worries over weak credit demand and economic slowdown

People's Bank of China Gov. Yi Gang told the country's biggest lenders that the structure of credit needs to be improved.   © Reuters

China's central bank has called on lenders to boost credit, especially to micro, small and midsize enterprises (MSMEs) in the face of an "unstable and uneven" domestic economic recovery and a "more severe and complex" external environment.

People's Bank of China Gov. Yi Gang told some of the country's biggest lenders that the structure of credit needs to be improved so that more capital is directed to science and technology innovation, green development, MSMEs and sole traders. Interest rates need to come down -- especially for MSMEs -- and banks need to strengthen balance sheets so they can increase lending.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more