China's 'real' economy wants to be neither borrower nor lender

April 23, 2015 3:36 AM

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SHANGHAI, April 23 (Reuters) - Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts.

As recently as Sunday the central bank cut the amount banks must keep in reserve by a full percentage point, and it has repeatedly lowered guidance lending rates, but weak demand means businesses aren't taking the bait.

Also read: China Growth Holds at 6.7%, Backed by Government and Consumers

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