Chinese policymakers are likely to further ease monetary policy and promote bank loans for smalland medium-sized companies in the second half of this year, introducing measures to control risks and prevent shocks in the local labor market, according to industry experts.
Private banks in China are increasingly using cutting-edge technology and expertise to offer cost-effective services to micro and small enterprises.
The most common reasons for small business owners failing to repay loans on time are moral hazard such as gambling, unsalable products due to market changes, and acting as guarantor for a friend or relative's now overdue loan, said Mu Yuehong, client manager at Bank of Taizhou Co Ltd.
Multilateral development institution the Asian Infrastructure Investment Bank is targeting Europe to expand infrastructure construction financing, as it is a significant region included in the Belt and Road Initiative, a senior executive of the bank told China Daily in a recent interview.
China's automotive market continued its downward spiral in June, which has prompted the country's leading industry association to downgrade its estimate to a fall of up to 5 percent from 2018.
The Chinese authorities' ramped-up efforts to promote high-quality development in the new energy vehicle sector, reflected by the most recent release of an updated list on NEVs to enjoy exemptions of vehicle and vessel tax, will further help boost the healthy development of the sector and also promote clean energy consumption, industry insiders said.
China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.
China is expected to become the world's largest market for organic light-emitting diode (OLED) televisions in the next two or three years as increasing numbers of affluent consumers want premium TVs that deliver outstanding picture quality and wider viewing angles, industry insiders said.
Fifth generation mobile communication technology, or 5G, will bring about a fundamental technological revolution in 2019, a report said.
The "real" trade imbalance between the world's two largest economies has long been overstated by 20 percent.
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