MOFCOM and seven other ministries issued an Action Plan to boost smart-home consumption, urging financial institutions to develop diversified consumer-finance products for home and renovation demand. The plan asks authorities to deploy the fiscal int

2026-09-14

MOFCOM and seven other ministries issued an Action Plan to boost smart-home consumption, urging financial institutions to develop diversified consumer-finance products for home and renovation demand. The plan asks authorities to deploy the fiscal interest-subsidy scheme for personal consumer loans to guide lenders to increase loan support for smart-home purchases and actively back consumer purchases of related products.