Entrepreneur.com
Summary Box: China Sets $2.5B Small Business Fund
The Associated Press
THE NEWS: China unveiled a $2.5 billion fund to finance new small businesses and promised tax breaks and more lending for entrepreneurs in a move to help its struggling private sector. THE BACKDROP: It was one of the first concrete government measures to help entrepreneurs who have been squeezed by a slump in U.S. and European demand and curbs on bank lending. THE WORRY: Entrepreneurs generate most of China's new jobs and wealth, but thousands have been driven out of business. The survivors have slashed payrolls, raising concern among China's leaders that unrest could follow.TheStreet Premium Services
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