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flag China aims to boost economy by encouraging banks to issue more loans and credit cards.

flag China's financial regulator has announced measures to boost consumer spending by encouraging banks to issue more loans and credit cards. flag This move aims to stimulate the economy, which has been hampered by consumers preferring to save due to job security and economic concerns. flag The measures include increasing financial support for sectors like retail, tourism, and healthcare, and improving digital and green finance solutions. flag The government also plans to enhance oversight to protect consumer rights.

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