Loans for Babies: China’s Population Woes

NTD Newsroom
By NTD Newsroom
December 28, 2021China in Focus
share

In addition to standard mortgages and auto loans, a new type of credit is emerging inside China: “baby loans.”

Known as “marriage and birth consumer loans,” northeast China’s Jilin Province is offering up bank loans of up to over $30,000—but only for married couples if they have children, according to an official blueprint on policies to promote population growth.

China in Focus Weekly Newsletter
Find out what's really going on in China
By registering for the newsletter, you agree to the Privacy Policy.
Comments