Economic Buzz: China to subsidize household consumer loans

China launched a yearlong program Monday to subsidize household consumer loans, part of a nationwide effort to reduce borrowing costs and spur spending. Under the plan, announced by the Ministry of Finance and two other agencies, residents who take out loans at 24 designated financial institutions will receive a 1 percentage point interest subsidy from Sept. 1, 2025, through Aug. 31, 2026. The policy excludes credit cards and is limited to loans that can be verified as used for consumption.

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