Low-Interest Loans for the National Debt Projects
Policy measure

According to APERC (2010), the Chinese government has reserved funds for industrial enterprises to reduce the interest rate on loans for technological upgrading (including energy conservation) since 1999.


“This increases the inputs of other social funds for energy efficiency improvement projects. According to preliminary statistics, every USD 1 in funds from the economy’s debt can drive USD 10 in social investment and USD 6 in bank loans. In 2006, the investment for energy efficiency technological transformation of enterprises driven by state funds totaled about USD 10 million.” (APERC, 2010)

Implementation
No identified implementation measures.
Challenges
No identified challenges.
Outcomes
No identified outcomes.
References

APERC (Asia Pacific Energy research Centre), 2010. Compendium of Energy Efficiency Policies of APEC Economies - China. Available at: www.ieej.or.jp/aperc/CEEP/China.pdf.