Lates News

Wen Bin, Chief Economist of Minsheng Bank: Improving people's livelihoods and promoting consumption are the key points and main directions of macroeconomic policies this year. The policy of replacing old with new introduced earlier has achieved good results. Recently, the bank has also launched policies such as childcare subsidies, personal consumption loans, and interest rate subsidies for service industry operators. The Central Bank has also set up new tools for service consumption and refinancing for elderly care, all of which will help boost consumer confidence and tap into effective consumer demand.