# Yao Jinbo

China Trials Mortgage-Interest Subsidies to Rekindle Homebuying — Pilots, Not a Nationwide Bailout

Mortgage-interest subsidies have re-emerged as a policy option during China’s national legislative meetings, with delegates proposing targeted fiscal support and tax deductions to revive homebuying. Several cities are already piloting such schemes, but analysts warn that subsidies alone cannot fix deeper structural problems and that nationwide roll-out would be fiscally challenging.