Reported 1 day ago
China has kept its benchmark lending rates unchanged for the fourth straight month in September, reflecting a cautious monetary policy in light of improving Sino-U.S. trade relations and robust exports, despite signs of domestic economic slowdown. The one-year lending prime rate remains at 3.0% and the five-year rate at 3.5%, aligning with market expectations and recent economic data showing weak growth in factory output and retail sales. Analysts anticipate potential rate cuts as the economy faces ongoing challenges.
Source: YAHOO