Caixin
Jul 28, 2023 06:08 AM
ECONOMY

China Tells Lenders to Help People Spend More

00:00
00:00/00:00
Listen to this article 1x

What’s new: China’s top financial regulator will encourage financial institutions to develop products and services to support consumption of durable goods and spending on education, culture, sports and entertainment.

Despite increasingly positive signals of recovery, households are still reluctant to spend, and consumers’ purchasing power is insufficient, an official of the National Administration of Financial Regulation said Thursday at a press conference.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST