Micro-loans fall
Source: Xinhua |
April 26, 2016, Tuesday
|
Print Edition
Print Edition
OUTSTANDING loans extended by China’s micro-credit companies totaled 938 billion yuan (US$144.5 billion) at the end of March, data from the central bank showed yesterday.
The figure fell by 3.2 billion yuan from the end of 2015.
By the end of March, the number of micro-credit companies in China totaled 8,867, the People’s Bank of China said in a statement on its website.
Micro-lenders largely target small firms and low-income groups in need of capital.
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