China Offers Low-Cost Credit to Help SOEs Settle Overdue Debts

The PBoC has created a new refinancing facility to provide cheaper funds to commercial banks, aimed at helping state-owned enterprises settle overdue accounts. This is a targeted easing measure to alleviate corporate cash-flow strain and support investment amid China's economic slowdown. The scale and terms of the facility remain undisclosed, and its effectiveness in unlocking growth is uncertain.