China Trims Key Rates to Lift Economy After Trade War Blows

Quick Summary:

The rate cuts, which were expected, seek to boost consumption and loan growth at a time when economic growth is patchy and lacklustre

The post China Trims Key Rates to Lift Economy After Trade War Blows appeared first on Asia Financial.

Major Chinese banks cut deposit rates in October and July last year as their profits came under pressure after the PBOC lowered lending rates.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: World Energy Insights Market Insights Fintech Insights Asia China-US Economic Ties Fintech ESG

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 11:41:38 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 28873330

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