Economics

Chinese Firms Pared Investment and Were Reluctant to Borrow in Fourth Quarter

WATCH: Derek Scissors of China Beige Book International discusses the outlook for the world’s second-largest economy and policies. Source: Bloomberg

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By Bloomberg News

December 28, 2021 at 11:00 PM UTC

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Chinese companies reduced investment and remained reluctant to borrow in the fourth quarter, with small business’ financing costs soaring despite favorable policies, according to China Beige Book International.