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China Keeps Interest Rates Unchanged
The People's Bank of China maintained its interest rates unchanged for the second straight session on Friday. The PBoC maintained its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The move was widely expected.
RTTNews | 4 dagar sedan
China Economic Data Offers Mixed Picture
China's official data painted a mixed picture for growth in November as industrial production posted a faster expansion and house prices fell at slower pace, while retail sales growth softened highlighting the need for additional stimulus to retain sustainable growth. Industrial production expanded 5.4 percent from the previous year.
RTTNews | 8 dagar sedan
China Export Growth Weakens; Imports Post Surprise Decline
China's exports growth weakened more than expected in November and imports posted a surprise decline due to the weak domestic demand, highlighting the risk of deepening economic slowdown as the property market has yet to bottom out amid threats of global trade protectionism measures. Exports grew 6.7 percent annually in November, which was weaker than the 12.7 percent increase posted in October
RTTNews | 14 dagar sedan
