Business, Management and Accounting
8 years ago

Chinese Private Businesses Face Financing Crisis, Government and Banks Urged to Act

Journal of Aba Teachers College
An Analysis of Financing Bottleneck for Chinese Private Businesses and Countermeasures Hereof
LI Yang-sheng

Paper Summary

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Private businesses in China are struggling to grow due to difficulties in getting loans from banks and their own low credit ratings. To help these businesses thrive, the government, banks, and private enterprises need to work together to improve financing options.