{"id":19645,"date":"2020-02-26T10:49:14","date_gmt":"2020-02-26T09:49:14","guid":{"rendered":"https:\/\/www.debitos.com\/news\/coronavirus-china-backs-economy\/"},"modified":"2020-09-30T17:57:17","modified_gmt":"2020-09-30T15:57:17","slug":"coronavirus-china-backs-economy","status":"publish","type":"post","link":"https:\/\/www.debitos.com\/el\/news\/coronavirus-china-backs-economy\/","title":{"rendered":"Coronavirus: China backs economy"},"content":{"rendered":"<p><strong>Increased lending might lead to a rising NPL ratio.<\/strong><\/p>\n<p>The coronavirus is increasingly burdening China&#8217;s economy. &#8220;We will take measures to deal with problems immediately, and we are confident that it will not lead to large-scale inflation in China,&#8221; said the Chinese central bank&#8217;s deputy governor Fan Yifei. The economy in China has been virtually at a standstill since the New Year holidays almost six weeks ago. In order to support local companies, the government in Beijing is now appealing to the banks.<\/p>\n<p>The financial institutions should increasingly grant loans to companies &#8211; and turn a blind eye to overdue payments. But these measures carry great risks, experts claim. The Chinese government is accepting that the problems with non-performing loans will increase. In order to reduce the NPL quota in the country, Beijing had only last year imposed stricter conditions. <a href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3050792\/chinas-monetary-authorities-keep-bank-credits-tap-help\" target=\"_blank\" rel=\"noopener noreferrer\">South China Morning Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Increased lending might lead to a rising NPL ratio.","protected":false},"author":2,"featured_media":16857,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130],"tags":[],"class_list":["post-19645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category--el"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/comments?post=19645"}],"version-history":[{"count":2,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19645\/revisions"}],"predecessor-version":[{"id":21500,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/posts\/19645\/revisions\/21500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media\/16857"}],"wp:attachment":[{"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/media?parent=19645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/categories?post=19645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.debitos.com\/el\/wp-json\/wp\/v2\/tags?post=19645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}