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China keeps benchmark lending rates unchanged
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump's administration.
China leaves benchmark lending rates unchanged
China left benchmark lending rates unchanged for a third consecutive month, as expected, as a weakening yuan has limited Beijing's monetary policy easing efforts. At the monthly fixing on Monday, the one-year loan prime rate (LPR) was kept at 3.
China Keeps Loan Prime Rates Unchanged
China’s commercial lenders held benchmark lending rates unchanged for the third consecutive month after Beijing eased monetary policy in October to boost slowing domestic demand.
11h
on MSN
A weakening yuan is testing Beijing's resolve as Trump's return fuels tariff worries
The question of how far and quickly the yuan will fall depends on Beijing’s resolve in countering Donald Trump’s tariffs with ...
2d
on MSN
Analysis-Markets are betting China will let yuan fall as Trump takes power, but not much
Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald ...
2d
China’s Record Capital-Account Outflows Pile Pressure on Yuan
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US ...
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10h
Profits of China's central SOEs reach 2.6t yuan in 2024
Total profits of China's central SOEs reached 2.6 trillion yuan ($361.7 billion) last year, according to the State-owned ...
11h
Yuan recovery in lead-up to Trump's inauguration to help rupee
The Indian rupee is likely to kick off a pivotal week on a slightly positive note, assisted by the recovery of the Chinese ...
1h
China rolls out digital product subsidies, making iPhones and other smartphones super affordable
China's new subsidy plan offers 15% off digital products under 6,000 yuan, cutting iPhone 16 prices to 4,499 yuan, boosting ...
6d
China Reiterates Goal to Keep Yuan Stable as Pressure Grows
The People’s Bank of China emphasized its goal to keep the yuan stable, as the currency hovers near a record low in offshore ...
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4h
China's box office pre-sales for Spring Festival season hit 200m yuan
BEIJING - China's advanced ticket bookings for movies set to be released during the upcoming Spring Festival holiday have ...
3h
China sets up 60 billion yuan investment fund to accelerate AI innovations: media report
VCG. China's national artificial intelligence (AI) industry investment fund partnership was recently set up, billed at 60.06 billion yuan ($8.21 billion), the Securities ...
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