Reported about 1 month ago
China has implemented cuts to its benchmark lending rates, reducing the one-year loan prime rate to 3.10% and the five-year rate to 3.6%, as part of a broader stimulus strategy aimed at revitalizing the economy amid ongoing challenges. These changes follow previous reductions and are expected to further support lending and consumption, although concerns remain regarding the effectiveness of such measures in achieving sustainable economic growth.
Source: YAHOO