China extended more inclusive loans to small and micro enterprises to facilitate their business last year, official data showed on Friday.
By the end of 2023, outstanding inclusive loans granted to small and micro enterprises were at 29.06 trillion yuan (about 4.09 trillion U.S. dollars), up 23.27 percent from a year earlier, Guo Wuping, an official of the National Financial Regulatory Administration, told a press conference.
The pace was 13.13 percentage points faster than average loan growth, and the average interest rate for inclusive loans to small businesses issued last year decreased 0.47 percentage points to 4.78 percent, according to Guo.—Xinhua
