China launches dual subsidy programs for consumer loans and service sector support

13/08/2025 27 min

Listen "China launches dual subsidy programs for consumer loans and service sector support"

Episode Synopsis

--Chinese authorities have introduced two major subsidy programs to stimulate economic growth, subsidizing consumer loans and services business loans

--Goldman Sachs research shows the financial burden in the U.S. has shifted from companies to households with American consumers now bearing the cost of President Trump's tariffs

--China approves merger of CSSC and CSIC to create the world's largest shipbuilder