January 08, 2025 at 02:40AM
PBOC Official Peng Lifeng:
PBOC will help banks in increasing loans for trade-in initiative
will step up financial support for private and small firms in equipment upgrades
allocates 100bn yuan loans for select small technology firms
Earlier:
China’s State Planner to expand the scope to implement two new policies
More:
China to provide up to 15% or price subsidy for smartphones
This article was written by Eamonn Sheridan at www.forexlive.com.
PBOC official promises to aid banks in lending money for trade-in initiatives