Finnish research finds Chinese growth is restricted by capital constraints

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Credit constraints continue to dampen the growth of Chinese corporations despite the reforms implemented in recent years, a discussion paper by the Bank of Finland has concluded.

The paper, by Risto Herrala and Yangdong Ja, finds that while larger corporations enjoy higher levels of credit availability, they still face binding borrowing constraints.

In the past decade, there has been a significant improvement in credit supply conditions for government firms relative to other firms, something

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