Firms to see costs drop as real economy gets inclusive finance spur

Business loans will become cheaper in move to help low-income earners

By the end of the third quarter this year, financing costs for microbusinesses will be substantially reduced as the State Council, China's Cabinet, promotes inclusive finance to advance the real economy and poverty relief.

The decision was made at a State Council executive meeting, which was presided over by Premier Li Keqiang on April 25. Experts said the push for inclusive finance will be beneficial to small and micro-sized enterprises with possibly lower costs when they apply for and get loans.