[ad_1] China’s economic growth is projected to slow further from 4.8% in 2024 to 4.3% in 2025, despite the recent stimulus measures introduced by the country, according to a World Bank report released on Tuesday. This will present significant challenges for East Asia Pacific (EAP) countries that have historically benefited from its expansion, the report […]
Chinese banks hold lending rates after PBOC signals caution – CNBC TV18
[ad_1] Chinese banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions. The one-year loan prime rate will stay at 3.35% and the five-year rate, a reference for long-term credit including mortgages, remains at 3.85%, according to a Tuesday statement from […]