China's $118 billion virus lending push stymied by bureaucratic confusion
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BEIJING/SHANGHAI (Reuters) - China's efforts to pump 800 billion yuan (101.6 billion pounds) into companies via cheap bank loans to counter the economic impact of the virus outbreak have run into a snag: bureaucratic confusion.Communication issues, confusing eligibility criteria and different lending standards have caused a muddle between officials over which companies qualify and at what rate, according to seven sources with direct knowledge of the situation.That has left some banks at risk of..