Coronavirus outbreak sees Chinese businesses seek billions in bank loans

Coronavirus outbreak sees Chinese businesses seek billions in bank loans

Traffic move down the third ring road in Beijing, China, on Monday 15 May, 2017. Photographer: Qilai Shen/Bloomberg

Over 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help them deal with the impact of the coronavirus outbreak in China, two banking sources said.

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