July 02, 2026
Borrowers must repay their outstanding defaulted loan principal in full by Dec 31 to qualify for the one-off relief
The pace weakens sharply in the second half of June after staying resilient for most of the fiscal year
"China has made significant development advances over the past several decades," says one World Bank official
Private sector credit growth target cut to 6.8 percent by December
The new policy will seek to curb inflation while supporting private sector lending
The finance bill also proposes dividend tax cuts and tax-free income from zero-coupon bonds
"Let us not just think of this as a government budget; let's all try to see this budget as a reconstruction budget," he says
The power minister had said on Sunday that the shutdowns had removed 3,000MW of power from the national grid
