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China pledges more efforts to finance real economy
A Chinese financial regulator has vowed stronger credit support for the real economy. The China Banking and Insurance Regulatory Commission (CBIRC) has encouraged banks and other financial institutions to work more vigorously to meet the financing demand of the real economy, in particular, cash-starved private and small firms, agriculture and rural regions, and lagging economic areas including infrastructure. This came as the latest move of a government campaign to tackle corporate financing difficulties and prompt the financial sector to better serve the real economy. China's new yuan loans stood at 1.45 trillion ... (full story)