[quote](Reuters) - China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans, a researcher said on Saturday, suggesting a government drive to increase micro-lending is struggling.
Ba Shusong, a researcher from the Development Research Center, a think-tank that advises China's cabinet, said the biggest Chinese banks are still setting tough collateral standards for small firms, who often cannot meet the demands.
This leaves 60 percent of small Chinese firms without bank financing, Ba said, citing a study that he led on funding conditions for small and micro-sized firms.
China wants to increase financing for its small businesses and has ordered its state-controlled banks to step up lending to them to avoid a repeat of a 2011 cash crunch, which some analysts had worried could destabilize the banking system.
"Everyone right now talks about financing for small and micro sized firms," Ba said. "There is a portion of big banks who are faking their lending to small and micro-sized firms," he told a forum in Boao in southern China, without further details.[/quote]
[url]http://www.reuters.com/article/2013/04/06/us-china-banks-microloans-idUSBRE93502A20130406[/url]
China's crooked.
In other news, the sky is blue, the 70's had Disco and jews speak hebrew as their native language.
[QUOTE=MIPS;40191100]China's crooked.
In other news, the sky is blue, the 70's had Disco and jews speak hebrew as their native language.[/QUOTE]
Really? Because I thought learning Hebrew was part of becoming an adult in the culture of the Jewish diaspora.
[QUOTE=Irkalla;40192367]Really? Because I thought learning Hebrew was part of becoming an adult in the culture of the Jewish diaspora.[/QUOTE]
Yeah, I'm pretty sure Jewish people speak the native tounge of their country. However, a majority of jews are Israeli, wherein the native tounge [I]is[/I] Hebrew.
[QUOTE=MIPS;40191100]China's crooked.
In other news, the sky is blue, the 70's had Disco and jews speak hebrew as their native language.[/QUOTE]
I thought it was Jewish :downs:
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