China offers interest subsidies for loans to boost consumption

China Offers Interest Subsidies for Loans Amid Sluggish Economy

The Chinese regime has announced it will provide interest subsidies for personal consumer loans and service sector loans for businesses in an attempt to boost domestic consumption amid the country’s sluggish economy. The Chinese regime’s Ministry of Finance, China’s central bank—the People’s Bank of China—and the National Financial Regulatory Administration on Aug. 12 jointly announced the interest subsidies of one percentage point on loans to q…

China to Offer Subsidized Personal Loans to Get People to Spend More

Only two weeks after the Politburo signaled it would make no further efforts to stimulate weak consumer demand, the national government announced it would offer subsidized personal loans to prod consumers into spending more money. The post China to Offer Subsidized Personal Loans to Get People to Spend More appeared first on Breitbart.

China pledges more financial support for consumption with loan interest subsidy

China plans to boost domestic consumption by offering interest subsidies on loans to households and businesses, aiming to reduce borrowing costs and spur spending.

China Consumer Loan Subsidy Seen Driving Trillions in New Credit

Interest subsidies show China's commitment to boosting consumption: China's finance ministry

China on Tuesday unveiled interest subsidy policies for personal consumption loans and loans to service-sector businesses, aiming to stimulate more financial resources to flow into consumer markets, unlock consumption potential and enhance market vitality.

China Aims to Boost Consumption With Loan Subsidies

China has launched two new stimulus measures to subsidize interest payments on loans to consumers and service providers, as the country steps up efforts to boost domestic consumption.