‘I’m so in debt’: China’s personal loan subsidy draws scepticism as financial strain grows among youth
Tamara Ceaikovski
China is offering interest subsidies on personal loans starting this month, in its latest bid to spur spending. But some tell CNA they fear the new subsidies may deepen debt burdens. SHENZHEN: Saving money was top of mind when 34-year-old software engineer Li Zi decided to buy an electric car. The Nanjing native, who declined to give her real name, preordered a new car, priced at around 285,000 yuan (US$43,900), planning to pay part upfront and finance the rest with a loan. To ease the burden
astăzi