China's economy

China's underground lenders play an important role

Private lenders in China give cash-starved SMEs much-needed financial support that state-owned banks can't possibly provide.
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Informal money lenders are often the only people willing to lend to China's SMEs (AFP)
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<div style="text-align: left;"> Informal money lenders are often the only people willing to lend to China's SMEs (AFP) </div>

Private lending in China gives cash-starved small and medium-size enterprises (SMEs) much-needed financial support that state-owned banks can’t possibly provide, according to Royal Bank of Scotland.

¬ Haymarket Media Limited. All rights reserved.

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