China's interest subsidy policy will help expand its domestic demand, official says
ReutersAug 13, 2025 2:46 AM
BEIJING/HONG KONG, Aug 13 (Reuters) - China's efforts to support consumption of services will help expand domestic demand and stabilise employment, an official at China's Ministry of Commerce said at a press conference on Wednesday.
Consumption of services in China has big growth potential, Wang Bo, an official at the commerce ministry, said.
The remarks come after China on Tuesday said it will offer interest subsidies for businesses in eight consumer service sectors, as well as for individual consumers.
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