China's Ministry of Finance said interest-subsidy costs will be borne 90% by the central budget and 10% by local budgets; provincial finance departments will autonomously set the split for provincial and lower-level governments based on local conditions.

2026-09-29

China's Ministry of Finance said interest-subsidy costs will be borne 90% by the central budget and 10% by local budgets; provincial finance departments will autonomously set the split for provincial and lower-level governments based on local conditions.