• Over 300 Chinese firms seek bank loans worth over $8 bn due to coronavirus

    Over 300 Chinese firms seek bank loans worth over $8 bn due to coronavirus

    Published Date : 10-Feb-2020 11:30:54 IST

    Over 300 Chinese companies are seeking bank loans worth over $8 billion to reduce the impact of the coronavirus outbreak, Reuters reported. Companies including Xiaomi and ride-hailing service provider, Didi Chuxing Technology are seeking loans as they may have been hardest hit due to the epidemic. The firms are likely to get fast-track approvals and preferential rates from banks.

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