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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.
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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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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.