China's Ministry of Finance said fiscal-financial measures to boost domestic demand have been refined and will take effect Aug. 1. The interest-subsidy scheme will now cover newly issued working-capital loans within the existing loan-subsidy framework for small and micro enterprises, and will extend subsidies to newly incurred credit-card installment consumption — explicitly including car purchases and home renovations — allowing consumers using credit-card installment plans to receive interest

China's Ministry of Finance said fiscal-financial measures to boost domestic demand have been refined and will take effect Aug. 1. The interest-subsidy scheme will now cover newly issued working-capital loans within the existing loan-subsidy framework for small and micro enterprises, and will extend subsidies to newly incurred credit-card installment consumption — explicitly including car purchases and home renovations — allowing consumers using credit-card installment plans to receive interest subsidies.