The Third Session of the 14th National People's Congress held an economic theme press conference today (6th), and the heads of relevant departments answered questions from Chinese and foreign reporters on issues such as development and reform, fiscal budget, business, financial securities, etc.
Minister of Finance Lan Fo'an introduced that the linkage between fiscal and financial policies will be increased, and two new loan interest subsidy policies will be implemented to stimulate consumption motivation. One is to provide fiscal interest subsidies to personal consumption loans in key areas to reduce current expenditure pressure. Another is to provide interest subsidies to business entities for areas closely related to the lives of ordinary people, such as catering, accommodation, health, elderly care, childcare, and housekeeping. The finance department provides interest subsidies to business entities in a classified manner to reduce financing costs and increase the supply of high-quality services.
