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China's central bank says lenders to tolerate higher bad loans to support virus-hit firms


FILE PHOTO: A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File photo

BEIJING (Reuters) - China’s central bank said on Saturday that the country’s lenders will tolerate higher levels of bad loans, part of efforts to support firms hit by the coronavirus epidemic.

“We will support qualified firms so that they can resume work and production as soon as possible, helping maintain stable operations of the economy ...


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