There are growing calls for China to provide direct financial support to small private sector businesses as many are struggling for survival due to the economic damage caused by the coronavirus outbreak.The Chinese government said at the end of March that it was deliberating on “a package of macroeconomic measures” to support growth, even before it announced that the economy contracted 6.8 per cent in the first quarter of 2020, the first decline since quarterly records began in 1992.But it is…
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