(单词翻译:单击)
The Industrial and Commercial Bank of China (ICBC), the nation's biggest commercial bank, said Tuesday it had granted 46.3 billion yuan (5.8 billion U.S. dollars) in loans to small firms in the first quarter this year.
The ICBC said the non-performing rate of loans to small businesses was below the average of all lending.
Some Chinese banks balk1 at extending loans to small businesses as they are commonly seen as credit risks, but the government is encouraging loans as small firms are contributing to economic growth.
The ICBC's outstanding loans to small firms stood at 102.3 billion yuan at the end of last month. These loans surged 70 percent in 2005.
The bank said in a statement its "key support" would be given for enterprises that boast quality products, advanced technologies, strong competitiveness in the market and sound prospects2.
It would "strictly3 curb4" projects not in line with government policies and industrial development.
China categorizes companies with annual sales of less than five million yuan as small enterprises.
1
balk
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n.大方木料;v.妨碍;不愿前进或从事某事 | |
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2
prospects
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n.希望,前途(恒为复数) | |
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3
strictly
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adv.严厉地,严格地;严密地 | |
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4
curb
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n.场外证券市场,场外交易;vt.制止,抑制 | |
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