According to the announcement, the annual interest rate of current deposit is lowered from 0.99 percent to 0.72 percent, while that of one-year fixed-term deposit is lowered from 2.25 percent to 1.98 percent. At the same time, the annual interest rate of various loans is lowered by an avera...
Zhu, also the head of the State Administration of Foreign Exchange, said the country’s current account surplus in 2023 is expected to reach around US$280 billion and the trade in goods surplus will exceed US$600 billi...
as increasing the flexibility of exchange rate, reforming the systems of exchange settlement and surrender, changing the current exchange rate regime from pegging singly USD to pegging a basket of mixed currencies and forming an effective transmission mechanism for both exchange rate and interest rate....
Long Term Interest Rate (% pa) 2.04 Nov 2024 monthly Jul 2008 - Nov 2024 Real Effective Exchange Rate (2005=100) 135.4 Nov 2024 monthly Jan 1994 - Nov 2024 Nominal Lending Rate: Within 1 Year (Including 1 Year) (% pa) 4.350 May 2019 monthly Feb 1989 - May 2019 Nominal Lending...
energy vehicle giant Tesla that could be worth as much as 81.7 billion yuan based on current market prices. Unit Yahua Lithium Ya’an will supply between 207,000 tons and 301,000 tons of battery-grade lithium hydroxide to Tesla from Aug. 1, 2023 to Dec. 31, 2030, Yahua said yesterday....
basis points above the corresponding period's LPR. That is to say, if the current 5-year LPR is 4.20%, the interest rate for purchasing a first home can be lowered to a maximum of 4.0%; if it is a second home, the loan interest rate is 4.20% plus 20 basis points, which is 4.4...
2009 . China's exchange rate policy, its current account surplus and the global imbalance. Economic journal , 119(541): 430–441.Corden W M. China's Exchange Rate Policy,Its Current Account Surplus and the Global Imbalances [C]//Gar- naut R,Song L,Woo W T.China's New Place in a ...
is still important to stabilize growth. In the current environment where the real estate market is still sluggish, bringing down LPR to drive mortgage rates down is becoming an imperative part of reversing market expectations and promoting the stable and healthy development of the real estate market...
"These LPR cuts are in line with the current macroeconomic policy direction and serve as key mechanisms for transmitting impactful interest rate cuts to the real economy," noted Wang Qing, chief economist at Golden Credit...
sectors, such as renewable energy goods and electric vehicles, continue to be crucial growth drivers. A recent report by U.S. research group Global Energy Monitor projected that China could generate at least 1,200 gigawatts of solar and wind energy by 2025, effectively doubling its current ...