Economic Watch: China ramps up financial support for SMEs to spur economic vitality

BEIJING, June 28 (Xinhua) -- China has significantly enhanced financial support measures aimed at small and medium-sized enterprises (SMEs) to boost economic vitality.

There has been a notable increase in the cap for inclusive micro and small loans from 10 million yuan (about 1.4 million U.S. dollars) to 20 million yuan per borrower, and refinancing initiatives for agricultural and small businesses have seen int