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February 4th Macroeconomic Index: China Tightens Loan Regulations, Welcomes Foreign Investment

May 29, 2024, 11:58 AM
TDD-global
5691
China's State Administration of Financial Regulation has set loan term limits, with fixed asset loans not exceeding 10 years and personal consumption loans not exceeding 5 years. The State Financial Supervision Bureau also restricts the use of working capital loans. Meanwhile, the Ministry of Foreign Affairs emphasizes China's openness to foreign investment, noting positive sentiment among foreign businesses. Internationally, French industrial output saw a sharp increase, and Thailand expects a significant rise in Chinese tourists.