Wednesday , 8 January 2025
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PBOC official promises to aid banks in lending money for trade-in initiatives

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:

More:

  • China to provide up to 15% or price subsidy for smartphones

This article was written by Eamonn Sheridan at www.forexlive.com.

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