Type of Intervention: Business support
Level of Jurisdiction: National
Overview: The Chinese Government discounted 50 percent of loan interest rates for certain businesses to ensure the actual financing cost of the enterprise falls below 1.6 percent and the discount period does not exceed one year.
The policy applies to enterprises that have special re-loan support of the People’s Bank and to new contracts applied for during the epidemic prevention and control period.
Full details here: http://www.scio.gov.cn/xwfbh/xwbfbh/wqfbh/42311/42494/wz42496/Document/1672849/1672849.htm