August 13, 2025

China will see the implementation of new financial policies to strengthen fiscal and financial coordination, outlined Liao Min, Vice Minister of Finance, during a press conference held by China's State Council Information Office (SCIO) on Wednesday.

Liao detailed the two new policies: first, an interest subsidy for personal consumer loans, and second, subsidized loans for businesses in the services sector.

The interest subsidy for personal consumer loans will directly benefit the general public, said Liao, highlighting that the policy will cover single consumptions of less than 50,000 yuan ($6,965), or exceeding such in a number of specific areas, such as education, elderly care and healthcare, among others.

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https://news.cgtn.com/news/2025-08-13/China-s-SCIO-briefs-media-on-interest-subsidy-policies-for-personal-consumption-loans-lending-for-service-sector-business-entities-1FNrSJtduNy/p.html