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China steps up consumer financing support


03-31-2016 06:50 BJT

China released a guideline Wednesday to provide consumer financing support, especially emerging consumption in the country. 

The People's Bank of China and the Finance Ministry said they will support consumption in areas ranging from new energy cars to credit products. The central bank also said it would encourage financial institutions to be innovative with consumer credit products and keep consumer loan rates at reasonable levels. China also will enhance financial support for, among other things, healthcare and services to senior citizens and green consumption.

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