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China Maintains Benchmark Lending Rates
China left its benchmark lending rates unchanged for the fifth straight month, as widely expected, on Thursday. The People's Bank of China kept its one-year loan prime rate unchanged at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. Both the rates were last reduced by 25 basis points each in October 2024.
RTTNews | 11 dagar sedan
China Industrial Output, Retail Sales Rise More Than Forecast
China's industrial production and retail sales expanded more than expected in the January to February period driven by fiscal stimulus but the property market remained a drag on the economy. Industrial production registered an annual growth of 5.9 percent but slower than the 6.2 percent rise in December, data from the National Bureau of Statistics showed Monday.
RTTNews | 14 dagar sedan
China Exports Growth Eases; Imports Logs Unexpected Fall
China's exports growth eased more than expected at the start of the year and imports logged an unexpected sharp decline amid mounting trade tensions, official data revealed on Friday. Exports grew at a slower pace of 2.3 percent annually in the January to February period, following a 10.7 percent rise in December, data from the customs office showed. Exports were expected to climb 5.0 percent.
RTTNews | 24 dagar sedan
