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China: Central Bank launches USD 28 billion preferential loan scheme

Description

On 28 September 2022, the Chinese State Council reported that the People's Bank of China (PBC) had approved a state loan to support local companies. The fund had a total budget of CNY 200 billion (USD...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Sep 2022

Revocation date

31 Dec 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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