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


“We will support qualified firms so that they can resume work and production as soon as possible,” said Fan Yifei, a vice governor at the People's Bank of China.

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 outbreak.

“We will support qualified firms so that they can resume work and production as soon as possible, helping maintain stable operations of the economy and minimising the epidemic's impact,” Fan Yifei, a vice governor at the People's Bank ...


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