Tech SMEs receive more credit support

Technology-oriented small and medium-sized enterprises in China received strengthened loan support in the first quarter of this year, data from the People's Bank of China show. A total of 49.6 percent of tech SMEs had received loans by the end of the first quarter, an increase of 3.6 percentage points compared to the same period last year, the PBOC said in a report. Outstanding loans to tech SMEs in both local and foreign currencies stood at 3.33 trillion yuan ($463 billion), surging 24 percent year-on-year. This growth rate outpaced overall loan growth by 17.1 percentage points.

Shanghai exports jump 13.8% in Jan-April

Shanghai's exports surged by 13.8 percent year-on-year in the first four months of 2025, with April's total import and export value hitting a record high, Shanghai Customs data showed. The city's total foreign trade reached 1.4 trillion yuan ($194.7 billion) from January to April, an increase of 1 percent year-on-year. In April alone, imports and exports hit 399.35 billion yuan, rising more than 10 percent both year-on-year and month-on-month.

Xinhua - China Daily