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Solving Financing Difficulties

机译:解决融资难题

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机译:The problem of financing for small and micro enterprises remains prominent in spite of the Chinese Government''s efforts over the past decade.Recently, the People''s Bank of China (PBC)— China’s central bank—and the China Banking and Insurance Regulatory Commission set a goal of increasing the balance of loans to these businesses granted by the five major state-owned banks by over 30 percent year on year in 2019 and reducing their financing cost by 1 percentage point .

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