China small business loans rise 8%
According to data from the China National Financial Regulatory Authority, total loans provided to small and micro-sized enterprises in China grew by 8% year-on-year, reaching 38.9 trillion yuan (approximately $5.73 trillion) by the end of the second quarter of the year. Loans linked to the agricultural sector amounted to 15 trillion yuan, an increase of 7.5% on the same basis. Additionally, banks maintained strong risk reserves with a coverage ratio of 202.87%.
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