China to Offer Private Firms Bigger Helping Hand

What’s new: China released 25 measures on Monday to encourage the financial industry to support the confidence-challenged private sector, as the country’s economic recovery remains patchy.

The measures, issued by a business group and seven government agencies including the central bank and the National Development and Reform Commission (NDRC), called on banks to boost their share of loans to private companies and increase their tolerance for those that become nonperforming.