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SHANGHAI, Aug 19: China’s central bank has more than doubled the amount entrepreneurs and small businesses can borrow as part of efforts to boost employment, officials said.
The maximum amount that can be loaned to individuals for business purposes was raised to 50,000 yuan from 20,000 yuan, the People’s Bank of China said in a statement on Monday. The limit on loans to labour-intensive small businesses was doubled to two million yuan.—AFP
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