China will extend interest subsidies for consumers, service businesses and those inneed of equipment upgrades to revive softening domestic demand, the country's finance ministry said on Tuesday.
The subsidies will be extended to the end of 2026 and the ministry will also roll out interest subsidies for up to two years for loans extended to small and micro-sized private firms from this year, according to statements on its website.
It also introduced a guarantee plan totalling 500 billion yuan over two years for private investment.
Reuters
