Source: Reuters (via feed)
Chinese banks plan to increase lending to firms focused on technology and innovation. Bankers said lenders will steer more money toward these companies. This comes as Beijing pledges to adopt artificial intelligence across the economy. The push targets expansion in emerging sectors.
BizTrendWire Insight:
Chinese lenders are allocating more capital to technology-focused firms amid government moves to apply AI widely.
Chinese lenders are allocating more capital to technology-focused firms amid government moves to apply AI widely.
