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China unveils subsidy plan to support businesses, boost consumption

China unveils subsidy plan to support businesses, boost consumption

The Chinese governme...

The Beijing Hour · podcastcp

August 13, 202559m 45s

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Show Notes

The Chinese government has issued a first-of-its-kind policy to subsidize loans, as part of the country's drive to support businesses and spur consumer spending (01:01). A village in eastern China has transformed from a dusty mining backwater to a lush, verdant holiday destination in just a few years under a nationwide environmental protection scheme (14:43). The White House is downplaying expectations for the upcoming U.S.-Russia summit on Friday (27:04).