U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand and supporting economic growth, adding to the momentum sparked two days earlier by President Donald Trump‘s extension of the U.S.-China trade truce.
- FXI ETF is moving fast. Check the chart here.
Beijing Backs Borrowers, Bets On Consumption Revival
China’s Vice Finance Minister Liao Min said the country would begin offering interest subsidies to both households and businesses, aiming to lower borrowing costs and drive up domestic demand.
The policy includes a one-percentage-point annual interest subsidy for eligible loans, specifically targeting eight service-sector industries.
Consumer loan rates remain above 3%, and the subsidy is designed to boost credit uptake …