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Will Chinese subsidy for consumer loan interest help spur more spending?
Plan will subsidise one percentage point of the annual interest on loans, with the eligible amount of borrowing capped at 50,000 yuan.
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Will Chinese subsidy for consumer loan interest help spur more spending?
Plan will subsidise one percentage point of the annual interest on loans, with the eligible amount of borrowing capped at 50,000 yuan.
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China seeks to bolster demand by subsidising interest costs on consumer loans
Plan will subsidise one percentage point of the annual interest on loans, capped at half of the contracted loan interest rate.
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Why debt-shy Chinese consumers may snub loan subsidy scheme
Boosting consumption is a top priority for Beijing, but some habits are hard to break.