EP13. Spend to Grow: China’s New Consumer Push
Description
China is placing a bold new bet on its economy — not through mega infrastructure projects, but through your wallet.
Starting September 1st, a dual interest subsidy will directly reduce the cost of personal consumption loans and support service-sector businesses, in a first-of-its-kind move linking fiscal policy to everyday spending.
From home renovations to eldercare services, this policy aims to activate consumers and strengthen the small businesses that serve them — creating a two-way boost for demand and supply.
In this week’s Weekly China Recap, I break down how the program works, why it marks a structural shift in China’s stimulus strategy, and what it signals for the country’s economic direction.
Listen now to “Weekly China Recap with Xing Zheming” — where we decode China, one episode at a time.
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