The Chinese branch of food and food company Unilever can get a cheap loan from the Chinese government. The Dutch-British company is eligible for this, as is the American 3M for example. Reuters news agency writes this on the basis of information from bankers and documents about those loans.
China allocates billions to provide cheap loans to companies. They can thereby try to compensate for the negative consequences of the measures to contain the outbreak of the new corona virus. These loans have lower interest rates and sometimes no interest has to be paid at all.
Banks in Shanghai have received lists of companies from companies where the cheap loans can go. According to bankers, all banks try to offer these loans as quickly as possible in order to get a white foot from the Chinese government. Incidentally, it is not clear whether the aforementioned companies will apply for those loans.
Since the outbreak of the virus, public life in a large part of China has stopped, which is not good for the sale of many goods. Companies also have problems with the fact that many employees cannot return to work after the Chinese New Year holidays.
