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About 50% newly increased corporate loans go to small companies

It is learned from a report released by Zhejiang Development and Reform Commission that there is an apparent increase in the loans to manufacturing industry and small businesses in the first half of this year, a rise of 8.4% and 11.2% respectively as compared to the end of last year.

Statistics show that newly increased RMB and foreign currency loans by Zhejaing financial institutions totaled 482.2 billion yuan during the first half of this year, with newly increased manufacturing industry loans accounting for 33.8% of the increased total and newly increased small business loans 45.4% of the newly increased corporate loans.



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