The People’s Bank of China on Tuesday set both Loan Prime Rates, which replaced benchmark lending rates as guides for bank loans and are based on real-world
bank lending prices, below benchmark rates. The long-awaited reform comes after Premier Li Keqiang earlier this year ordered the biggest China’s state-owned...
They have a lot of debt also so this helps certain areas but hurts others. If the world shuts them out doesn’t matter what they do they will suffer so I hope everyone keeps up the pressure. It’s an embarrassment really their behaviour
What could go wrong?
realDonaldTrump China doing more easing while Fed stays flat
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Source: WSJ - 🏆 98. / 63 Read more »