China's Li Keqiang: country is committed to opening up economy

Omkar Godbole FXStreet Contributor

Premier Li Keqiang is out on the wires stating that China is committed to opening up the economy and needs to increase support for private and small and micro enterprises.

“The demand for loans from enterprises is very strong, but the problem is that private enterprises with demand, especially small and micro enterprises, cannot borrow money, and banks not only have strict conditions for granting loans, but also are afraid of taking risks and responsibility,” said Li during the State Council executive meeting, according to Asia Times.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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