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China: Central Bank announces CNY 500 billion relending facilty to support service consumption and elderly care industry

Description

On 9 May 2025, the People's Bank of China (PBOC), China's central bank, announced the launch of a CNY 500 billion (USD 69.06 billion) re-lending facility to "increase support for key service consumpti...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 May 2025

Revocation date

31 Dec 2027

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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