Bloomberg News

China’s Small-Company Measures ‘Significant’, BofA Says

October 12, 2011

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

To contact the reporter on this story: Irene Shen in Shanghai at ishen4@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net


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