date:Apr 03, 2014
s Bank of China (Chinas central bank) this month also issued guidelines on the creation of a credit system for small and medium enterprises (SMEs) and farmers, allowing those with sound credit histories to easily get loans. Establishing a reliable credit information system has been difficult to achieve in China but essential long-term project for the PBoC that claimed that at the end of 2013 it had 2.4 million SMEs and 151 million farming households in its credit database.
The central bank want