
China Lowers Benchmark Lending Rates to Spur Growth
China has reduced its benchmark lending rates, lowering the one-year LPR to 3% and the over-five-year LPR to 3.5%, aiming to boost economic activity.
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China has reduced its benchmark lending rates, lowering the one-year LPR to 3% and the over-five-year LPR to 3.5%, aiming to boost economic activity.
China has kept its main lending rates unchanged in December, signaling economic stability and boosting confidence as the country continues its economic recovery efforts.