People’s Bank of China Launches Credit Repair Policy for Small Overdue Debts

The provided sources overwhelmingly confirm the central claim that the People's Bank of China (PBOC) has launched a one-time credit repair policy. Multiple high-authority sources, including official notices from the PBOC and reports from the state news agency Xinhua, verify the existence, purpose, and mechanics of this policy. These sources establish that individuals who repay overdue debts in full within a specified period will have the negative information removed from their credit reports.The ambiguity lies in the specific phrase "targeted at small overdue debts." The high-authority official sources do not explicitly use this language or define the policy by a monetary threshold. They refer to "certain qualifying overdue information" and require the debt to be paid in full, which could apply to debts of any size. However, the only source that directly addresses this aspect, a social media post on Zhihu, states the policy is helpful for those with "small overdue amounts." While this source has very low authority, its interpretation is logical. A policy requiring full repayment within a short timeframe is inherently more accessible and beneficial to individuals with smaller, more manageable debts. Therefore, the practical effect of the policy is that it disproportionately assists those with small overdue debts, even if this is not the explicit legal targeting mechanism. The statement is an accurate description of the policy's likely impact, making it "likely_true" despite the lack of precise official wording.