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Source: People's Republic of China – State Council News
BEIJING, Dec. 3 (Xinhua) — China continuously strengthened support for inclusive financing for small and micro enterprises during the 14th Five-Year Plan period (2021-2025), with the average annual growth rate of inclusive loans for such businesses exceeding 20 percent during the period.
Since China formally launched its inclusive finance policy in 2013, access to inclusive finance for small and micro enterprises has improved significantly.
Official data shows that the volume of inclusive loans for small and micro enterprises reached 35.77 trillion yuan (about 5.06 trillion US dollars) as of the end of October this year.
China has also further reduced the cost of inclusive finance, as such loans primarily serve small and micro enterprises, sole proprietors, and farmers, who often face difficulties in obtaining financing due to a lack of collateral and limited risk-bearing capacity.
In June 2025, the interest rate on newly issued inclusive loans for small and micro enterprises was 3.48 percent, which is approximately 2 percentage points lower than the level fixed at the end of the 13th Five-Year Plan (2016-2020).
In the implementation of the next five-year plan, China will continue to strengthen efforts to develop inclusive finance, as outlined in the CPC Central Committee's Proposals for the 15th Five-Year Plan for National Economic and Social Development (2026-2030), released in October. -0-
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