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Beijing Tiptoes Toward Cheaper Loans for Capital-Starved Companies

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China's central bank tweaks its monetary policy to make new loans cheaper but holds out on cutting benchmark interest rates

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...

 

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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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