【宏观快评】政策周观察第43期：个人消费贷款贴息政策落地

Policy Implementation - The personal consumption loan interest subsidy policy was implemented on August 12, with a subsidy rate of 1% for one year, covering loans under 50,000 yuan for daily consumption and loans of 50,000 yuan or more for key areas such as home appliances and education[3] - The subsidy for service industry loans also has a 1% rate for one year, with a maximum loan amount of 1 million yuan per entity and a maximum subsidy of 10,000 yuan[3] Monetary Policy - On August 15, the central bank released the Q2 2025 monetary policy report, emphasizing the importance of preventing fund idling and maintaining a balance between supporting the real economy and ensuring financial health[3] - The report highlights the need for structural monetary policy tools to support technology innovation, boost consumption, and stabilize foreign trade[3] Environmental Policy - The National Development and Reform Commission emphasized the "Green Water and Green Mountain are Golden Mountains and Silver Mountains" concept, proposing a comprehensive evaluation and assessment system for carbon peak and carbon neutrality[4] - The focus is on controlling high energy consumption and high emission projects while supporting enterprises in energy-saving and carbon reduction transformations[4] Trade Relations - On August 12, a joint statement was released from the China-U.S. Stockholm economic and trade talks, indicating a temporary suspension of the 24% tariff on U.S. imports for 90 days while retaining a 10% tariff[11]