China is set to introduce new interest subsidy policies aimed at easing financial burdens on individuals and businesses. 🇨🇳💰
Chinese Minister of Finance Lan Fo'an announced on Thursday that these fiscal interest subsidies will be applied to personal consumer loans in key sectors and business loans in industries closely related to daily life, including catering, hospitality, healthcare, elderly care, childcare, and domestic services.
These measures are designed to reduce financial pressure on consumers and lower financing costs for businesses, ultimately stimulating consumption and supporting economic growth. 📈✨
Reference(s):
China to introduce interest subsidy policies to boost consumption
cgtn.com
