Oct. 13 (Bloomberg) -- China’s package of measures to help small companies including tax breaks and easier access to bank loans is “significant policy support” that will keep growing risks in Wenzhou city “under control,” according to Bank of America Corp.
The measures are “long-awaited measures in the right direction to help China’s small business cope with the current monetary tightening and rising uncertainties of external demand,” Lu Ting, an economist at Merrill Lynch, the brokerage unit of Bank of America, said in a report today.
--Irene Shen. Editor: Allen Wan
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