7 days ago
China offers interest subsidies for consumer services enterprises
BEIJING, Aug 12 (Reuters) - China will offer interest subsidies for enterprises in eight consumer service sectors including catering and tourism, in a bid to support services consumption amid a slowing economy.
The maximum loan amount eligible for the interest subsidy for a single entity could be up to 1 million yuan ($139,095), nine government departments, including the Ministry of Finance, said in a statement on Tuesday.
($1 = 7.1893 Chinese yuan renminbi)
