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

Government signals worries over weak credit demand and economic slowdown

20210826 Yi Gang

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

ZHANG YUKUN and PENG QINQIN, Caixin

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.

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