China steps up easing lending rates to revive faltering economy | Business News | WION

Adding to the easing measures announced last week, China has cut its benchmark lending rates today. Beijing is stepping up its efforts to spur credit demand in an economy that's been hobbled by a property crisis and also a resurgence of covid-19 infections.

#China #LendingRates #WorldNews

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[goldenshamrock]

Rejects AFSPA, abrogation of articles 35A and 370 in Jammu Kashmir. Demand plebiscite as per UN outstanding resolutions in an International Disputed Territory of Jammu Kashmir..

Wion (this news network) reported that since 2001, China gained 120 Trillion and became the richest country in the world.
They also reported that lndia lost 45 Trillion. Which is a world record loss by a country.
Wion: At $514 trillion, China overtakes US in terms of amassing the biggest net worth
Gravitas: How Britain Looted $45 Trillion From India

[Yan-Yuan]

For those who likes the idea of a bankrupt China, I suggest you read the book by Gordon Chang, the American author of the best selling "The Coming Collapse of China"


Written some 21 years ago and he's still saying China will collapse end of this year or early next year the latest, for the past 21 years now

[canman]

Aslo their US dollar reserve is draining almost to rock bottom.

[Fr.VeniceLAI]

....lowering Interest rate may cause, exit of USDollar based Foreign Investors to pull out of China Government Sovereign Bonds Market, increasing pressure on the tight RMB-USdollar exchange rate range of RMB6.74 - 6.78 = USD1.00, to over widen further. This has exactly already happened, today, August 22. USD1.00 buys RMB6.83. It is possible, we will revisit USD1.00 = RMB8.30 during those 2000s periods of PRChina's early economic growth... it is a RETROGRADE ??

[jojored]

Why always pay attention to China. Is it not important to develop your country, improve your life and the quality of your family's life? Beggars will laugh at billionaires' stock investment losses!

[saahithbrahmanya]

Do the CCP Polit bureau have inflation targets?

[tradercobb]

Money is an issue that every one has for a better and luxurious life, irrespective of the challenges we all face, it would be nice you setup a portfolio of yours rather than waiting upon the goverment for assitance, was hard for me until I started investing in Bitcoin trading and am now earning $56, 435 per week with an initial capital of $13, 000, since retirement.

[existncdotcom]

Increase Your Satisfaction … by Understanding Your Existence 
… EXISTNC

[lastChang]

China🇨🇳 is declining.
- India🇮🇳, a Quad member, has the potential to be the next *only Asia superpower.*

[dayrise]

India also need to reduce lending rate instead of hiking BJP failing again 😬