China's central bank lowered the cost of its medium-term loans to banks on Wednesday, in a move consistent with other broad policy to shore up flailing economy.
China 's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. China 's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy.
The bid rates in Wednesday's operation ranged from 1.90% to 2.30%, and the total balance of MLF loans now stands at 6.878 trillion yuan, the central bank said in an online statement.On Tuesday, Beijing unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target.
Leading Economic Indicators Economic Stimulus Economic Policy Bank Of China Ltd Economic Events China Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines says China's actions in South China Sea 'patently illegal'Defence Secretary Gilberto Teodoro says Manila has to get used to China's actions in the South China Sea, anticipate and be ready.
Read more »
China Issues Warning to US Ally Over South China Sea FlashpointSabina Shoal, just 86 miles from the Philippines' Palawan province, is at the root of a standoff between the U.S. ally and China.
Read more »
US, China hold key talks amid rising tensions over Taiwan, South China SeaUS National Security Adviser Jake Sullivan meets top Chinese defence official Zhang Youxia to strengthen communication and avert conflict over issues dogging their ties.
Read more »
China, Philippines accuse each other of ramming ships in South China SeaBeijing claims almost the entire South China Sea, including parts claimed by the Philippines, Brunei, Malaysia, Taiwan and Vietnam.
Read more »
China, Philippines accuse each other of ramming ships in South China SeaThe Philippines and China exchanged accusations of intentionally ramming coast guard vessels in disputed waters of the South China Sea on Saturday, the latest in an escalating series of clashes in the vital waterway.
Read more »
China and Philippines trade blame in latest South China Sea escalationChina and Philippines blame each other for a collision of their coast guard ships off the disputed Sabina Shoal (called Xianbin by the Chinese and Escoda by Filipinos).
Read more »