The People’s Bank of China Governor Yi Gang said the bank was focused on raising banks’ capital to increase their lending capacity. Photo: EPA-EFE
China cuts interest rate slightly in latest fine-tuning of economic stimulus
- The People’s Bank of China cut its one-year and five-year Loan Prime Rate by 5 basis points on Wednesday, as expected
- China’s central bank ordered state-owned banks to use the new rate to lower lending costs to help shore up the slowing economy
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China economy
The People’s Bank of China Governor Yi Gang said the bank was focused on raising banks’ capital to increase their lending capacity. Photo: EPA-EFE
China’s registered unemployment rate was 3.6 per cent in the third quarter, down from 3.8 per cent a year earlier. Photo: Xinhua
China’s 2020 growth could exceed 6 per cent if US trade tensions ease, analysts say
- Outlook for China-US trade talks will determine how much above or below 6 per cent China’s 2020 growth will be, experts say
- In worst case scenario, where trade war tensions increase, China’s growth rate could slip to as low as 5.3 per cent next year, according to the Morgan Stanley
Topic |
China economy
China’s registered unemployment rate was 3.6 per cent in the third quarter, down from 3.8 per cent a year earlier. Photo: Xinhua