Deputy Minister Liao Min said the demand‑support package, rolled out just over
six months ago, is proceeding as expected; about 113 million residents
person‑times and 6.22 million enterprises have received support. From Jan–Jul,
six loan‑subsidy tools (SME, equipment renewal, service‑sector operators,
consumer loans, etc.) helped channel more than CNY20 trillion of new lending
into targeted fields, up CNY880 billion YoY (+4.5%). Support spans traditional
sectors (agriculture, forestry, animal husbandry and fisheries, cultural
tourism, health and elderly care) and emerging industries (high‑end equipment,
AI, green/low‑carbon, biomanufacturing). Two consumption measures have supported
roughly CNY1.88 trillion of household spending by boosting service‑sector supply
(restaurants, accommodation, culture, health/elderly care) and strengthening
demand via subsidies, trade‑in and invoice‑lottery Incentives.
