Small business loans harder to get: Report

Updated: 2011-06-03 18:03

By Ben Yue (

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Small businesses in China are finding it harder to get loans because of the country's tightened monetary policy, data from a report by the Ministry of Industry and Information Technology showed, China Securities Journal reported on Thursday.

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The report said the cost for small and medium-sized companies to obtain loans increased more than 13 percent from January to April year-on-year.

The report stated that China's small and medium-size companies' industrial added value increased 16.7 percent in the first four months of 2011, 2.5 percentage points higher than the average level of the entire business sector. Net profits of small and medium-size companies increased 37.3 percent year-on-year.


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