Non-public sector to get shot in arm

PBOC chief pledges expanded pilot program to secure bond issuance

Debt concerns among Chinese policymakers made recent fine-tuning more targeted, focusing on mitigating financing difficulties in the private sector instead of offering broadly strong stimulus, according to analysts.

The financial constraints, which have extended to medium and even large privately owned manufacturing companies from small-sized businesses, made policymakers concerned recently. But a massive stimulus package has been abandoned, even with predictions of economic downturns in the next year, analysts said.