People walk past second-hand cars and dealerships at a used car market in Beijing, China June 6, 2025. Tingshu Wang/Reuters
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 qualified businesses and individual consumers. The subsidy policies will be effective from Sept. 1, 2025, to Aug. 31, 2026.
