北京：中国周二（9月29日）公布了一系列旨在引导更廉价信贷流向基础设施和科技等领域的措施，并扩大了对购房者的支持，这是中国为提振放缓的经济所做出的最新努力。
BEIJING: China unveiled measures on Tuesday (Sep 29) designed to steer cheaper credit into a range of sectors including infrastructure and technology, as well as expanding support for home buyers, in a fresh bid to shore up its slowing economy.
就在这些措施宣布的前一天，中国内阁承诺加强逆周期政策支持，以应对日益加剧的经济压力，这表明中国政府在推动经济重回正轨以实现目标方面表现出了更大的紧迫感。
The measures were announced a day after the cabinet pledged to step up counter-cyclical policy support to address rising economic strains, signalling greater urgency to put the economy on track to meet targets.
中国今年的经济增长目标为4.5%至5%，但目前经济已显现出增长动力减弱的迹象。
China is aiming for economic growth of 4.5-5 per cent this year, but the economy shows signs of losing momentum.
继第二季度经济增长放缓至4.3%后，第三季度初工业产出、零售销售和投资均出现疲软，而房地产行业则持续陷入长期低迷。
After growth slowed to 4.3 per cent in the second quarter, industrial output, retail sales and investment all weakened at the start of the third quarter, while the property sector remained entrenched in a prolonged downturn.
周二，中国人民银行在一份声明中表示，将抵押补充贷款（PSL）利率下调25个基点，将一年期PSL利率从1.75%下调至1.5%。
On Tuesday, the People's Bank of China said in a statement it would cut the rate on its pledged supplementary lending (PSL) by 25 basis points, and the rate on one-year PSL to 1.5 per cent from 1.75 per cent.
中国人民银行还表示，将扩大PSL工具的适用范围，以支持水利、电网、计算、通信、城市管网和物流网络等领域的投资。
The PBOC will also broaden the PSL facility to support investment in water, power-grid, computing, communications, urban pipeline and logistics networks, it said.
国泰海通证券驻香港分析师周浩表示：“中国最新的政策措施表明，政府正通过提振投资和家庭需求，以更协调的方式来支持经济增长。”
"China’s latest policy measures suggest a more coordinated effort to support growth by boosting both investment and household demand," said Hao Zhou, a Hong Kong-based analyst at Guotai Haitong Securities.
“虽然最终效果取决于政策的落实情况和私营部门的反应，但这些最新举措发出了一个明确的信号，即决策者已准备好为经济增长提供更有力的支持。”美国加息的制约受美国利率上升引发资本外流风险、全社会债务水平升高以及银行利润率收窄等因素制约，中国央行在基准利率下调方面一直持谨慎态度。
"While the full impact will depend on implementation and private-sector response, the latest steps send a clear signal that policymakers are prepared to provide stronger support for growth." US RATE HIKE CONSTRAINT The central bank has so far moved cautiously on benchmark rate cuts, constrained by rising US interest rates that stoke capital outflow risks, elevated economy-wide debt and shrinking bank margins.
澳新银行高级中国策略师邢兆鹏表示：“由于美国加息带来了阻力，中国人民银行在新的政策措施中进一步实施货币宽松的空间有限。”
"With US rate hikes creating headwinds, there is limited room for PBOC's further monetary easing in the new policy measures," said Zhaopeng Xing, senior China strategist at ANZ.
这些调整体现了“宽松的货币政策立场与谨慎态度之间的平衡”，他表示。
The adjustments reflected a balance between an "accommodative monetary-policy stance and a cautious approach", he said.
中国人民银行还将其科技创新和技术改造再贷款额度上调2000亿元至1.4万亿元，并将对农业和小微企业的再贷款额度增加5000亿元至4.85万亿元。
The PBOC also raised the quota for its sci-tech innovation and technological upgrading relending facility by 200 billion yuan (US$29.84 billion) to 1.4 trillion yuan, and increased its relending quota for farm and small businesses by 500 billion yuan to 4.85 trillion yuan.
该行将对民营企业的再贷款额度上调3000亿元至1.3万亿元。
It raised its relending quota for private enterprises by 300 billion yuan to 1.3 trillion yuan.
与此同时，中国人民银行和金融监管总局表示，中国将从10月1日起，对符合条件的首次购房者新发放的商业性住房贷款给予利息补贴，这是该国首次推出此类全国性措施。
Meanwhile, the central bank and financial regulator said China would subsidise interest payments on new commercial mortgages for eligible first-time homebuyers from Oct 1, in the country's first nationwide measure of its kind.
据财政部声明，政府将提供每年1个百分点的利息补贴，最长不超过五年，每户享受补贴的贷款额度上限为100万元。
The government will provide an annual interest subsidy of 1 percentage point for up to five years, with the subsidised loan capped at 1 million yuan per household, according to a finance ministry statement.
符合条件的住房建筑面积不得超过120平方米，购买价格不得超过150万元。该政策将试行一年。邢表示，他原本预计利息补贴将涵盖中国一线城市的住房。“150万元的预算大概只够在三线城市买一套房，”他说。
Eligible homes must have a floor area of no more than 120 square metres and a purchase price of no more than 1.5 million yuan. The policy will be implemented on a trial basis for one year. Xing said he had expected the interest subsidy to cover homes in China's top-tier cities. "A budget of 1.5 million yuan would probably only be enough to buy a home in a third-tier city," he said.