Policymakers from China’s top economic planner and the nation’s finance ministry have accelerated the roll‑out of supporting measures while ramping up backing for private‑sector entities, after weaker-than-expected economic data highlighted the urgency for further policy stimulus.On Friday, China’s Ministry of Finance (MoF) unveiled new measures aimed at boosting spending on big-ticket items such as vehicles and home renovations, with more action pledged for later in the year.The move came a day after the National Development and Reform Commission (NDRC) hosted a symposium to solicit feedback from leading private companies on ways to improve investment.According to the announcement from the finance ministry, effective this month, new credit card transaction payments for cars and home renovations qualify for a one‑percentage‑point cut on annual interest costs.Vice-minister of Finance Liao Min said the move aimed to better align policy with current consumer spending patterns.The ministry also raised the maximum interest-subsidy payout for qualifying consumer loans, lifting the per-individual cap from 3,000 yuan to 5,000 yuan (US$743). It also broadened the coverage of the loan interest-subsidy policy for micro, small and medium-sized enterprises to include working capital loans.